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BUDGET 2010: Growth forecast for 2010 remains at 1-1.5%

Chancellor Alistair Darling has maintained his growth forecast for 2010 at between 1 and 1.5 per cent.

But he has reduced his growth forecast for 2011 to between 3 and 3.5 per cent, down from 3.25 to 3.75 per cent, in line with predictions from the City.

The Chancellor said the inflation target remains unchanged at 2 per cent.


Myners: 'Our major banks were ownerless corporations’

Myners tells banks to go back to old days

City minister Lord Myners has called for banks to shift their internal culture towards “oldstyle” banking, with more decisions in branches and grea ter efforts to engage with the public. At the Which? hearing last week, Myners said a radical shift in the way banks conduct their business is essential. He said: “I want to […]

Four-year freeze poses IHT threat

The last Budget of this Parliament has frozen the inheritance tax nil-rate band for the next four years which will mean that more estates will suffer an inheritance tax charge on death. In the 2009 pre-Budget report, Chancellor Darling said he would introduce legislation in 2010 to freeze the limit of the inheritance tax nil-rate […]

Life cover for life

When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that waybecause before the arrival of RDR in 2013, that’s more or less exactly what they were. For advisers thinking […]


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