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Markets not affected by Budget says Aberdeen

Markets won&#39t be adversely affected by the tax hikes in yesterday&#39s budget because they were tipped as to what was coming ahead of the budget says Aberdeen Asset Management.

The Government acted wisely by raising expectations about the size of tax increases before the budget and then hiking them less than expected on the actual day says Aberdeen.

As of 13:15 on Thursday, the FTSE 100 was up 9.2 points to 5273.1.

Head of global strategy Michael Karagianis says: “If anything the Government has shown smart political spin doctoring by raising expectations of a more onerous tax impost ahead of the event and undercutting expectations. In that regard, markets are unlikely to be significantly moved by the announcement today having had more than enough time to digest the expected move.”


Employee share schemes

EMPLOYEE SHARE SCHEMESFor a change, although it is hardly surprising given the activity that has taken place over the past few years, there have been no proposals in this years budget on employee share schemes. In the light of this relatively “settled period” for employee share schemes we thought you might value a “drawing of […]

IHT threshold increased to £250,000

Chancellor Gordon Brown has increased the threshold for the payment of inheritance tax from £242,000 to £250,000 in today&#39s Budget. The change comes in with immediate effect. Brown says the change will mean 96 per cent of estates will now pay no inheritance tax.

Buoyant homes market encourages gazumping

One in 10 homebuyers will resort to gazumping to ensure they get their dream home, according to a quarterly survey by Yorkshire Bank.With many properties selling within days of being put on the market, Yorkshire found that a significant proportion of the 2,000 homebuyers questioned in March were prepared to adopt underhand tactics in pursuit […]

BDT Invest establishes trust

BDT INVEST THE ESTABLISHMENT INVESTMENT TRUST Type: Investment trust Aim: Growth by investing in bonds, equities and cash Minimum investment: Subject to negotiation with stockbroker Maximum investment: No maximum Investment split: Cash 10%, bonds 40%, equities 30%, other 20% Types of share: Ordinary Isa link: No Pep transfers: No Redemption date: None Charges: Annual 1% […]


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