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A budget of missed opportunities – Bitner

David Bitner, head of product operations for The MarketPlace at Bradford & Bingley, believes the Chancellor should have addressed the falling levels of first time buyers in his Budget, given he is concerned enough about supply and demand in the housing market to have commissioned the Barker Review.

He says the Chancellor should have updated stamp duty bands to help the first time buyer. He says: “We believe the Chancellor has really missed an opportunity to help the beleaguered first time buyer by not updating the stamp duty bands. It was never designed to take money from first time buyers, yet it now affects a vast proportion of them and is seriously hampering their ability to get a foot on the housing ladder.”


40,000 jobs to go in DWP

40,000 jobs will go from the Department for Work and Pensions, the Chancellor has announced today in this year&#39s budget. Gordon Brown has told Parliament he will cut DWP down to 100,000employees by 2008. Brown said he has also decided to cut 14,000 employees from the Inland Revenue and Customs & Excise.

James Hay Consultancy says it will bear cost of pensions changes

James Hay Consultancy says it will make all necessary changes to small self-administered scheme documentation for schemes established between January 2004 and April 2005 to bring them into line with the proposed new rules without any additional charge. James Hay Consultancy director of consultancy David Seaton says: “This guarantee offers customers the best of both […]

Clerical speeds commission to help IFAs develop business

Clerical Medical is to offer IFAs the option to take initial and future renewal commission within 24 hours of claiming the cash to develop their businesses as part of a boost to its adviser service. The commission accelerator scheme allows intermediaries to get up to 80 per cent of outstanding initial commission and 50 per […]

Savings timebomb still ticking

Building societies and high-street banks say this week&#39s Budget does nothing to help savers or homebuyers. Harshest comments have come from West Bromwich Building Society, whose chief executive Andrew Messenger has called the Budget a kick in the teeth for savers and borrowers. He believes failure to address the saving issue is creating a savings […]


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