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Growth forecast set between 2 and 2.5 per cent

Chancellor of the Exchequer Gordon Brown confirmed this year&#39s growth target will be 2 to 2.5 per cent. For 2003 the target will be 3-3.5 per cent and 2.5 to 3.0 per cent in 2004.

He also said he believes the underlying state of the public finances remains strong adding that Britain has the lowest debt of the G7 and EU.

Brown said Britain&#39s debt interest payments fell to £22bn in 2001 and are expected to fall to £21bn in 2002. He added debt interest payments is now at the lowest since the First World War.


GE Life links to blue chips

GE Life has unveiled the seventh tranche of its high income and growth plan, which is linked to 50 European blue chip companies through the Eurostoxx 50 over a three-year term. The plan is available as a direct investment and is also available as an Isa or Pep transfer option, making the returns tax-free. It […]

Point One expands into healthcare

Bankhall owned support services provider Point One is expanding its range of services into healthcare covering PHI, PMI and group risk schemes.The provider panel for the new service includes Bupa, Norwich Union Healthcare, Unum, Swiss Life, PPP Healthcare and Standard Life Healthcare.Point One has also announced Scottish Widows is joining its list of protection providers.Head […]

A budget about insurance: John Stones at the House of Commons

It was a Budget all about insurance. National Insurance, that is. Chancellor Brown unambiguously ruled out private medical insurance and social insurance to pay for an improved health service, bunging a penny on National Insurance on employees and employers for an extra £8bn for the NHS. This route was &#45 in Brown&#39s unfortunate adjective &#45 […]

Melville case implications

CHANGING THE IMPLICATIONS OF THE MELVILLE CASE In the Summer of 2001, the Court of Appeal held that the terms “property”, “interest” and “right” included a general power of appointment for inheritance tax (IHT) purposes. This meant that the use of a discretionary settlement reserving valuable rights for the settlor was confirmed as an effective […]


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