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British Insurance industry would get £70m boost from VAT tax cut

Cutting VAT to 15pc could save the insurance industry at least £70m a year, claims the Association of British Insurers (ABI). read more »
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HSBC boss says UK economy needs 'rebalancing'

The UK economy has become too reliant on financial services and needs to be "rebalanced", the head of Britain's biggest bank has suggested. read more »
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British pre-Budget report checklist - what to watch for

It has been billed as the most important Treasury statement in decades. As the economy faces recession, Alistair Darling has promised to introduce[...] read more »
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Debt to reach levels greater than in wake of Second World War

Britain will borrow more than £400 billion over the next five years, as the total stock of accumulated Government debt will peak at 57 per cent of GD[...] read more »
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Pre-Budget Report: Top 10 predictions from Price Waterhouse Coopers

This year’s Pre-Budget Report (PBR) is less than a week away (Monday 24 November 2008) and it seems increasingly likely it will bring some tax cuttin[...] read more »
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UK PM Gordon Brown promises 'extraordinary action' to beat recession

The Prime Minister is driving up public debt to almost £120billion, claiming the package will provide "a boost to the economy to sustain growth that[...] read more »
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FTSE 100 has record rise after pre-budget speech

Traders responded positively to the Pre-Budget Report, pushing the benchmark FTSE 100 up almost 10pc at one stage, the biggest-ever percentage rise. read more »
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