Sunday, March 25, 2007


Chancellor Gordon Brown delivered his 2007 budget this week, his final one as Chancellor. An opinion poll reveals that almost half of voters believe they will be worse off despite a 2p cut in the basic rate of income tax, making it the lowest for 75 years. Critics accused Mr Brown of giving with one hand and taking with the other as the abolishment of the bottom ten percent tax rate was announced. In general the budget was well received as being good for families, good for business and good for the environment, paving the way to No. 10 for Mr Brown. The Chancellor plans to put more money into education, whilst businesses will gain from a cut in corporation tax. In addition Mr Brown plans sharp increases in road tax for gas guzzling vehicles.

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