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March 2012 Budget Summary

March 22nd, 2012

Well, there goes another Budget where the stimulus for smaller businesses was once again lacking. Why do they insist on reducing the corporation tax rate for larger businesses when it is smaller businesses who really need the help?

The one upside is that a lot of families who thought they were going to lose Child Benefit will still get it as long as neither party earns more than £50,000. If either party earns more than £60,000, it is lost completely and there is a sliding scale between the two figures where it is gradually withdrawn.

Please do e-mail us with your comments or questions on the Budget!

March 2012 Budget Summary (1262)

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