George Osbourne’s ‘Emergency Budget’ has been delivered.
Councils that can keep their Council Tax bills down, by means of saving on expenses, will be subsidised as a reward for so doing. This will mean council tax bills can be frozen for the year 2011/12 for hard-hit householders.
The top rate of Capital Gains Tax is to be increased to 28% from midnight. This will only affect higher-rate tax payers. This is lower than the 40% rumoured.
22nd June 2010