The best business advice, opinion, news and expertise in Greater Manchester and further afield.

Wednesday, 22 April 2009

Budget 2009 Update #4

  • Loss making firms will be able to reclaim taxes on profit made in last 3 years
  • Car scrappage scheme confirmed to encourage people to buy greener cars
  • Chancellor says: cannot deflate out of recession
  • Bank bailout cost 3.5% of GDP
  • Borrowing will be £175billion in 2009/10
  • Borrowing will be £173billion in 2010/11

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