Chancellor George Osborne: UK Budget 2010 cuts or ruin
Post date: Jun 20, 2010 8:41:18 PM
Update Jun-22: Budget: Bank levy set to raise about £2bn 2011
"The banking industry fully understands the part it must play
in helping the UK's economic recovery," the BBA said.
"The UK is a trading nation and we must ensure bank taxes do
not hurt our national interests or provide an unfair advantage
for other businesses operating here."
Britain is "on the road to ruin"
unless action is taken in the Budget
on Tuesday to cut the deficit,
Chancellor George Osborne has told the BBC
Start-Up firms exempt for 3 years paying NI for first 10 employees
It is expected the employers' threshold for NI will rise slightly
by £21 and Universities Minister David Willetts confirmed on
the BBC's Politics Show there would be measures to boost firms
outside of the South East of England.
This is expected to take the form of a three-year scheme to exempt
start-up firms elsewhere in the UK from paying NI for the first 10
people employed.
source: news.bbc.co.uk
George Osborne
"We sit here as the country in Europe with the largest budget deficit of any major economy at a time when markets and investors and business are looking around the world at countries that can't control their debts."