TaxCorporate TaxPre-Budget 2001: News & analysis

Pre-Budget 2001: News & analysis

The chancellor delivered his speech at 3:30pm to an expectant gathering of MPs at the House of Commons yesterday, speaking for 39 minutes. Click on the links below to read news, analysis and comment on the report.

Pre-Budget 2001: a damp squib

No one said it but everyone thought it. Even by the standards of previous pre-Budgets reports this was about as underwhelming a package as could have been announced by the chancellor.

What the chancellor said:
PBR: VAT fraud measures launched
PBR: Rural aid will cost UK Pounds 2.7bn
PBR: Brown in green technology push
PBR: Growth forecast unchangede
PBR: UK haulage faces more red tape
PBR: Chancellor cuts CGT taper relief
PBR: Growth forecast unchanged
PBR: Taxes may rise to fund NHS
PBR: New green initiatives launched
PBR: Consultation on charities scheme
PBR: Share options extended
PBR: R&D tax credit for large companies
PBR: Stamp duty cuts introduced
PBR: Football pools tax to go
PBR: Tax cuts to encourage enterprise

Reaction and comment
Approval and concern at CGT changes
ICAEW: Tax system still too complex
Changes to EMI considered ineffective
Tories: Brown attacked over enterprise failure
UK plc welcomes IP reforms

Pre-budget predictions
Pre-Budget spotlight on public sector
ICAEW calls for simplified tax system
Brown to give software licence relief

Links
HM Treasury pre-Budget report
Brown’s speech in full

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