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Wednesday, March 20, 2013

Waiting for Osborne

According to today's papers George Osborne is going to use the budget to fulfil an important coalition pledge a year early. The Guardian says that the chancellor is expected to announce that moves towards a tax-free allowance of £10,000 will be brought forward a year to 2014. A planned rise in fuel duty, due to take place in September, may be delayed or even scrapped altogether.

If that is the case then that is very good news. It means that people on low wages will be £700 better off from next year as a result of the changes driven forward by the Liberal Democrats in Government. In addition it is reported that £2.5 billion will be directed into capital schemes to help kick-start the economy.

That is less than many would like to see but it is a start and is at least affordable.
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