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Budget 2011: Green investment bank gets £2bn extra funding

Chancellor George Osborne has announced an additional £2bn in funding to establish a green investment bank.

Prior to today’s Budget address, the Government had already committed £1bn in funding.

Osborne has now pledged a further £2bn in funding towards the bank, which will be underwritten by the Treasury.

He says this additional funding will allow the green investment bank to start borrowing and investing a year earlier than planned, in 2015/16.

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Case study: administration — implementing a management log

Our client is a leading video game and publishing company best known for its console role-playing game franchises. The client provides a number of benefits, at varying levels and cost that attract a P11d liability. With the absence of a management log to track data for benefit movements, enormous administrative and therefore cost implications were occurring each year just to comply with P11d reporting requirements.

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