Cable Forum - View Single Post - Budget 2011: Government 'due £8bn windfall'

**Mick** · 23-03-2011, 12:45

Just a quick summary of some of the things announced in today's budget:-

Corp. Tax cut by 2% from April and further 1% per year for 3 years.
Income Tax and National Insurance to merge but could take years.
Labour's planned increase in Fuel duty cancelled. 1p Cut in Fuel duty from 6pm tonight. Fuel Stabilizer to be put in to place.
Business Milage rates from 40p to 45p.
Air Passenger duty rise delayed until next year.
Council Tax Frozen in every England Council.
New Private Jet Tax Budget Introduced.
Personal Tax allowances increased this year by £1,000 to raise to £8,105 in 2012.
50p Tax rate for highest earners a temporary measure. Osborne wants to see if it actually raises enough for the coffers.
£100 Million to Fix Britains Roads and pot holes.

23-03-2011, 12:45	#13
Mick Cable Forum Admin Join Date: Jun 2003 Posts: 15,142	Re: Budget 2011: Government 'due £8bn windfall' Just a quick summary of some of the things announced in today's budget:- Corp. Tax cut by 2% from April and further 1% per year for 3 years. Income Tax and National Insurance to merge but could take years. Labour's planned increase in Fuel duty cancelled. 1p Cut in Fuel duty from 6pm tonight. Fuel Stabilizer to be put in to place. Business Milage rates from 40p to 45p. Air Passenger duty rise delayed until next year. Council Tax Frozen in every England Council. New Private Jet Tax Budget Introduced. Personal Tax allowances increased this year by £1,000 to raise to £8,105 in 2012. 50p Tax rate for highest earners a temporary measure. Osborne wants to see if it actually raises enough for the coffers. £100 Million to Fix Britains Roads and pot holes.