14,042 source-backed finance facts - each attributed to a named person and a number, linked to the original source. Page 94 of 141.
“The balance of spending cuts to tax rises would be 77% to 23%.”
“Labour's plan to increase the duty on cider by 10% above inflation will be scrapped from July.”
“Child benefit: Frozen for the next three years.”
“Tax credits: Reduced for families earning over £40,000 next year. But low income families will get more Child Tax Credit - the amount per child will rise by £150 above the rate of inflation next year - at an annual cost of £2bn.”
“Housing benefit: New maximum limit of £400 a week for properties with more than three bedrooms, £250 a week for a one-bedroom flat, £290 for a two-bedroom property and £340 for a three-bed property, to save £1.8bn a year by the end of the …”
“Unemployed people will see their Housing Benefit cut by 10%, after 12 months of claiming Jobseekers Allowance from April 2013.”
“but, from April 2011, disabled claimants who do not have a resident carer will be able to claim for an extra bedroom.”
“Health in pregnancy grant to be abolished from April 2011, the Sure Start maternity grant will be restricted to the first child.”
“Excluding the state pension and pension credit, from 2011 benefits, tax credits and public service pensions will rise in line with the Consumer Price Index, rather than the, generally higher, Retail Price Index, saving over £6 billion a ye…”
“The welfare shake-up will save £11bn by 2014/15.”
“Public sector workers face a two-year pay freeze if they earn over £21,000. Those earning less £21,000 will get a flat pay-rise worth £250 in both years.”
“Armed services personnel in Afghanistan will see their operational allowance doubled to £4,800 - as announced by David Cameron two weeks ago.”
“The basic state pension will be linked to earnings from April 2011, with the pension guaranteed to rise in line with earnings, prices or 2.5%, whichever is the greater.”
“The government will accelerate the increase in state pension age to 66 - a "call for evidence" will be made later this week.”
“From April 2011, the threshold at which employers start to pay National Insurance will rise by the rate of inflation plus £21 per week.”
“Corporation Tax will be cut next year to 27%, and by 1% annually for the next three years, until it reaches 24%.”
“The small companies' tax rate will be cut to 20%.”
“A bank levy will be introduced, which will apply to the balance sheets of UK banks and building societies and the UK operations of foreign banks from January 2011. But smaller banks will not have to pay. It is expected to raise over £2bn a…”
“People setting up new businesses outside London, the South East and the east of England will be exempt from £5,000 of National Insurance payments for the first 10 workers.”
“Growth forecast revised down from 2.6% to 2.3% in 2011.”
“The economy is predicted to grow by 1.2 % this year, 2.3% next year, 2.8% in 2012, 2.9% in 2013 and 2.7% in both 2014 and in 2015.”
“Unemployment is forecast to peak this year at 8.1% and then fall for each of the next four years, to reach 6.1% in 2015.”
“Consumer price inflation is expected to reach 2.7% by the end of 2010 before "returning to target in the medium term".”
“The UK is set to miss the previous government's "golden rule" - of borrowing only to invest over the economic cycle - in the current cycle by £485bn.”
“Underlying current budget deficit should be "in balance" by 2015/16.”
“Public sector net borrowing will be £149bn this year, £116bn next year, £89bn in 2012-13 and £60bn in 2013-14.”
“By 2014-15 borrowing to reach £37bn, falling to £20bn in 2015-16.”
“Mr Osborne said the state now accounted for "almost half" of all national income which was "completely unsustainable".”
“Average real terms budget cuts of 25% over four years - except for health and international aid.”
“Departmental cuts amount to a further £17bn by 2014-15, on top of those already planned.”
“current expenditure to rise from £637bn in 2010-11 to £711bn in 2015-16.”
“Garments are easily Bangladesh's biggest export, accounting for more than 80% of annual export earnings worth $15bn.”
“Supporting them is costing Spain 40bn euros (£33bn, $49bn a year) - or 3.9% of gross domestic product (GDP) - according to El Pais newspaper.”
“The changes will cost the government - it estimates more than 700m euros until 2012.”
“Scottish Borders Council - run by a Tory/Lib Dem alliance - needs to find £16m worth of savings in the next financial year.”
“Michael Jackson's estate has made more than $1bn (£677m) since his death a year ago, according to estimates by trade paper Billboard.”
“The magazine says Jackson's album sales have generated about $383m (£259m), while revenue from the film This Is It has hit nearly $400m (£271m).”
“A new recording contract is estimated to have made $31m (£21m) so far.”
“The Sony Music Entertainment deal will see 10 albums of the late singer's music released over the next seven years, including one of previously unreleased material. The estate is guaranteed between $200m (£135m) and $250m (£169.5m) for the…”
“The estate is guaranteed between $200m (£135m) and $250m (£169.5m) for the deal but Billboard believes approximately $31m (£21m) of this will have been paid in the last 12 months.”
“Despite the This Is It tour never getting off the ground, revenue from tickets retained by fans as souvenirs and not refunded brought in about $6.5m (£4.4m), with merchandise raking in $5m (£3.4m), although concert promoter AEG has a cut o…”
“Jackson's music publishing company, Mijac, currently has a value of around $150m (£102m), according to Billboard.”
“The magazine said Mijac could have generated as much as $50m (£33.9m) in the last year.”
“Barry Massarsky of Massarsky Consulting estimated that Jackson's share of Sony/ATV's revenue is $80m (£54.3m) a year.”
“By raising the target level by 0.43% on Tuesday, the central has allowed the yuan to rise.”
“However, Mr Jackson said that in the coming months there would be only 'limited' gains against the dollar.”
“And on Tuesday, for the first time since the pledge, its central bank raised the centre point of the currency's official trading band.”
“Caernarfon magistrates heard emergency services were called, including a helicopter, at a cost of almost £4,000.”
“Magistrates were told the alert cost £2,000 for the lifeboat launch, £1,300 for the air ambulance helicopter, £273 to have the ambulance attend and £400 for the coastguards.”
“Mr Talbot was among Australia's richest men, with a $840m (£567m) fortune.”
“Trading in shares of the Perth-based company has been suspended on the Australian Stock Exchange...”
“with an estimated wealth of $840m (£567m), according to BRW business magazine's latest rich list”
“their financial management plans were based on cutbacks in their £23m annual funding from the next financial year”
“The funding allocation from the assembly government - 94% of the museum's income - will not be known until the autumn”
“capital investment projects at the museum like the £6.5m National Art Museum - begun before the recession took hold and which will provide 40% more display space for the museum treasures - were not in jeopardy”
“They are also in the early stages of a 10-year, £20m project to widen the scope of the St Fagans: National History Museum into a much larger institution encompassing much more than its current 1500 years”
“They have received £450,000 from the Heritage Lottery Fund to develop their plans and are hopeful, if that is accepted, of a further £8m which will need match funding for the rejuvenation to go ahead”
“cutbacks in their £23m annual funding from the next financial year”
“So Ann and I did the Lottery ourselves and we kept winning small amounts twice a week for about six weeks.”
“British Airways has reached agreement with its pension trustees on a plan to reduce its £3.7bn pension deficit.”
“BA said the plan would avoid the closure of its two final-salary pension schemes.”
“The full plan will now be submitted to the pensions regulator by the end of June.”
“The deficits of the schemes currently stand at about £2.7bn for the NAPS and £1bn for the APS.”
“BA aims to continue paying in £330m a year, rising in line with inflation, to APS until 2023 and to NAPS until 2026.”
“A Farrah Fawcett portrait by Andy Warhol could fetch $7,000 (£4,730)”
“They aimed to raise £15,000 for the Sussex Air Ambulance, the chosen charity of Henry's family, Headway, which improves life after brain injury, and the Matthew Elvidge Trust.”
“Matthew Elliott, Chief Executive of The TaxPayers' Alliance, said: "VAT hits the poor twice as hard as the rich, and it would be deeply unfair of George Osborne to increase it."”
“In Wales, where last year 30.5% of workers were employed by the public sector and cuts of 20-30% are anticipated, there is apprehension among both large and small businesses.”
“He warned raising VAT was a cost most retailers would struggle to absorb and the increases would then be passed on to the public which would affect families' spending power.”
“"The size of the national debt is infinitely larger. [Mr Osborne] has no option whatsoever but to impose a very very difficult budget, far greater than mine."”
“If there is a tax on things like child benefits people face the risk of losing their jobs in places like Blaenau Gwent and Merthyr which are already suffering from high unemployment.”
“A quarter of the Welsh workforce are in the public sector and a significant number have children and will be low-paid.”
“They are both cutting too soon and they are cutting far too deeply," he said. "What is damaging about this is that it will stall the recovery. Thousands and thousands of people are going to lose their jobs in Wales as a result of this budg…”
“The sort of cuts that are being mentioned in the press in the last few days are likely to drive our economies into a double-dip recession - if not at macro level then definitely at Welsh level and the end result of that could definitely be…”
“a typical motorist was now paying £183 more a year for petrol”
“£204 more for diesel”
“He increased VAT from 17.5% to 20%”
“He increased VAT from 17.5% to 20% and announced a two-year pay freeze for public servants paid over £21,000.”
“The NI Executive was told last month it must save an extra £128m on top of £393m other savings this year.”
“Mr Osborne said UK government departments - excluding health and international development would be cut by 25% over four years, with the full details to be set out on 20 October.”
“The government said 600,000 basic rate taxpayers in Northern Ireland would benefit from the increase in the personal income tax allowance which will rise by £1,000 in April to £7,475.”
“That is worth £170 a year to basic rate taxpayers.”
“lower earners could be hurt by a package of measures including a freeze on child benefit for the next three years”
“from next year, a reduction in tax credits for families earning over £40,000”
“The government said up to 15,000 businesses in Northern Ireland could benefit from a scheme which will mean new companies will be exempt from £5,000 of National Insurance payments for the first 10 workers.”
“Secretary of State Owen Paterson said Northern Ireland must 'play its part in reducing the deficit and ensuring our recovery'. "Failure to tackle the deficit would lead to disastrous increases in interest and mortgage rates," he said. "Th…”
“from next year, a reduction in tax credits for families earning over £40,000.”
“This would have catastrophic consequences for everybody in Northern Ireland.”
“top rate of tax of 50%”
“£425 VAT rise on every family”
“Japan also raised its growth forecast for the year to March to 2.6%, compared with an earlier 1.4% estimate.”
“Growth in the year to March 2012 is predicted to be 2%.”
“But although its debt is now estimated at about twice the size of its GDP”
“The plan states it will bring the budget back into surplus by the end of the decade.”
“Chancellor George Osborne announced a hike in VAT from 17.5% to 20%”
“the 20% VAT rate would cost health boards an extra £23m a year”
“aim to cut the country's £155bn deficit”
“contained a commitment to review of the use of the £185m renewable energy fund, the fossil fuel levy”
“Chancellor George Osborne announced a hike in VAT from 17.5% to 20%, as part of the biggest package of tax increases and spending cuts in a generation.”
“The UK government spending plans, which aim to cut the country's £155bn deficit, contained a commitment to review of the use of the £185m renewable energy fund, the fossil fuel levy.”
