Knowledge Is Power

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The News which I read and found interesting

Tuesday, October 9, 2007

UK Pre Budget - Spending Review


See below for the key points, with the newest line at the top.

4.03pm: This will fund more than 20 new hospitals and 100 new GP practices.

4.02pm: Health funding rises from £90bn to £110bn by 2010

4.01pm: NHS funding will be 4% above inflation

4.00pm: Futher £0.25bn fund for education

3.59pm: Inheritance tax threshold will rise by the rate of inflation in future years.

3.57pm: Inheritance tax threshold up to £600,000

3.57pm: Budget for culture media and sport up to £2.2bn by 2010

3.56pm: Wants more fixed-rate mortgages for ten years or longer.

3.55pm: £4bn over three years to renovate homes

3.54pm: Extra £200m to fund free National bus travel for pensioners

3.53pm: Child tax credit increasing by £175 per year from next year.

3.50pm: Air flight levy on planes, not passengers.

3.49pm: £800m a year for flood defences by 2010

3.49pm Defra £4bn in three years time to tackle climate change.

3.48pm: Tory non-domicile plans would have £2bn shortfall

3.47pm: There are 115,000 Non-domicile taxpayers - not 155,00

3.47pm: Private equity loopholes to be closed

3.46pm: Capital gains tax taper relief to be 18%

3.45pm: Main rate of corporation tax to be cut by 2p to 28p next year

3.44pm: Doubling money spent on upgrading rail network

3.44pm: £14.5bn investment in transport by 2010

3.43pm: Health research fund to be £1.7bn by 2010

3.42pm: Home Office and Ministry of Justice to get £20bn by 2010

3.41pm: Anti-terror budget to be £3.5bn a year by 2010

3.40pm: Single budget for anti-terror work

3.40pm: We will increase the Foreign Office budget

3.39pm: Extra £400m for arms forces operations

3.37pm: Forecast inflation will be on target next year and the year after.

3.33pm: Growth this year 3%

3.31pm: Chancellor begins his first pre Budget report, 15 minutes earlier than expected.

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