The 2010 budget

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The 2010 budget /resources/news/general/1484-The-2010-budget

Home > News & Resources > News > General > The 2010 budget

The 2010 budget

26 March 2010

Comment by Robert Chalmers - Wealth Managament Partner and Chairman of KCJ.

This week the Chancellor delivered a Budget speech with one eye firmly on the up-coming General Election. Comment by Robert Chalmers - Wealth Managament Partner and Chairman of KCJ.

This week the Chancellor delivered a Budget speech with one eye firmly on the up-coming General Election. The headline measures such as relief from Stamp Duty Land Tax for first-time buyers and index-linking ISA limits were aimed at pleasing the man in the street, as were the tax increases for the wealthy that he announced.

On the face of it, the announcement by the Chancellor places the burden of the increased taxes that are needed to cope with the burgeoning national debt firmly on the shoulders of those who can afford to pay more tax.
Measures such as the 50% additional rate of income tax on those who earn over