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Emergency Budget 2010: Speech headlines

The Chancellor has concluded his emergency Budget speech. We are now in the process of updating our Budget Report and putting together a series of news articles. However, the headline news from the Chancellor’s statement is:

Emergency Budget 2010: Speech begins

The Chancellor, George Osborne has risen to his feet in the House of Commons at 12.30 pm and has embarked on what is regarded as one of the most important and far-reaching Budget speeches in a generation.

Businesses voice concerns on CGT

Large numbers of UK businesses are worried about a possible hike in capital gains tax in the emergency Budget, particularly if the government fails to define an accurate distinction between business and non-business assets.

Plea to keep 'time to pay' tax scheme

The government should resist any temptation to axe the ‘time to pay’ scheme that allows businesses to defer their tax payments.

All public spending should be under scrutiny, says BCC

No government department budgets should be firewalled against spending cuts, the British Chambers of Commerce (BCC) has argued.

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