The Great Debate UK

Taxes and the emergency budget

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BRITAIN-ELECTION/

-Julia Whittle is head of International at Punter Southall Financial Management. The opinions expressed are her own. Join Reuters for a live discussion with guests as UK Chancellor George Osborne makes  an emergency budget statement at 12:30 p.m. British time on Tuesday, June 22, 2010.-

It is highly unlikely previous Capital Gains Tax proposals will be reversed in Chancellor George Osborne’s first budget.

The new rate is due to increase in line with income tax – and the option of taking it up to the highest rate of 50 percent has not been ruled out. The change could start from June 22, or even be backdated to April 6, 2010

This will hit second properties as well as investment portfolios. The tightening up of the definitions around  “private residence relief”  which enables people to sell their main residence free if tax could pour salt on the wound for second-property owners.

A budget of woes? Where has our imagination gone?

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BRITAIN-BUDGET

-Ruth Porter is communications manager at the Institute of Economic Affairs. The opinions expressed are her own. Join Reuters for a live discussion with guests as Chancellor George Osborne makes  an emergency budget statement at 12:30 p.m. British time on Tuesday, June 22, 2010.-

George Osborne has the chance to do something really radical on Tuesday in his budget statement.

UK high-flyers should brace for bad news

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– Neil Collins is a Reuters Breakingviews columnist. The opinions expressed are his own –

Election first, manifesto afterwards. While there may be a Conservative prime minister in Downing Street, quite a few among the millions who voted for David Cameron will have a shock when they see the price they are paying for his pact with the more left-leaning Liberal Democrats.

The UK should not waste its fiscal crisis

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hugodixon–  The author is a Reuters Breakingviews columnist. The opinions expressed are his own  –

 The UK should not waste its fiscal crisis. As Britain embarks on its election campaign, this is a perfect opportunity to engage in radical tax and spending reforms designed not just to restore the country’s fiscal balance but to boost its long-term productivity and competitiveness.

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