FTSE 100
Dow Jones

Wednesday, 22 April 2009

Budget: Get out your flares, we're going back to the '70s

Income tax rate on incomes over £150,000 will be 50%.

Relief on pension contributions will be limited to basic rate for higher rate tax payers.

40% writing down allowances for plant & machinery.

More ROC's for offshore wind.

2-4 demonstration carbon capture projects.

CHP projects will be exempted from climate change levy.

1 comment:

Demetrius said...

Not quite the 1970's, there will be no grants for buying Morris Marina's or Austin Allegro's on credit from your local bank. Only for buying foreign cars with credit borrowed from foreign financiers and imported on foreign ships.