Budget June 2010

The new Chancellor, George Osborne, made his first budget speech on 22nd June 2010.

The new coalition government announced it's plans and measures to reduce the record budget deficit.

Expected tax changes included a higher rate of capital gains of 28%, compared with the

current rate of 18%, for higher rate tax payers, and a VAT rate increase from January 2011.

For latest budget news return here, in the meantime the treasury have produced an easy to read budget

document, which summaries the main points.

Designated Members : M.J. Jay, F.C.A. • P.E. Farrow, F.C.C.A., A.C.A. • J.W. Hall, F.C.C.A., A.C.A. • J.R. Turner, Dip. P.F.S., A.I.F.P. • R.D. Gray, A.C.I.B. • S.J. Edwards, F.C.A.
Member: S.T. Boote, B.Sc (Econ), F.C.A.

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