Wednesday, March 21, 2007

Helping the rich

UK BUDGET - helping the rich, not the poor.
Lower starter rate of 10p to go, meaning all those who pay income tax will start at 20p in the pound. Top-rate income tax threshold will rise to £43,000 from April 2009. At-a-glance: Point-by-point

"A few quick calculations tell you that taking income tax alone (and using this years limits etc), those earning slightly less than 18k (about the average UK salary) will pay MORE tax and the RICH part of the country will pay LESS income tax." - Simon Richardson, Leeds.. The Budget: Your reaction

The tax on small businesses is increased from 19% to 22%.

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