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BUDGET 2008: Chancellor increases booze tax

The chancellor has pledged to increase taxes on alcohol by 2% above inflation for the next four years.

Tax on beer will increase 4p a pint while 14p will be added to a bottle of wine and 55p to bottles of spirit.

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BUDGET 2008: Government debt breaks rules, Cameron claims

Government debt including its Northern Rock liabilities is 43.8% of GDP and breaks fiscal rules, Conservative leader David Cameron has claimed.Cameron also says the chancellor’s Budget shows there is a current account deficit in the UK of £72bn.He adds that the Budget shows the rate of growth of business investment in the UK has slumped […]

Seeking fairness

The criticisms recently levelled at the private search industry are unjustified as search firms are governed by a strict code of conduct, says Fiona Hoyle

Website slams chancellor’s Open Market HomeBuy focus

Moneysupermarket.com has dismissed chancellor Alistair Darling’s focus on Open Market HomeBuy products in yesterday’s Budget as a huge disappointment. Louise Cuming, head of mortgages for the price comparison site, considers equity share mortgages as a good option in principle but adds that they benefit so few borrowers that they are useless in breathing life into […]

BUDGET 2008: Darling reveals Stamp Duty change

Borrowers on shared equity schemes wont have to pay Stamp Duty until they own 80% of the equity of their home.Chancellor Alistair Darling revealed the change in today’s Budget speech.But still no change to the wider Stamp Duty threshold.

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Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.

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