UK Tax News from TaxPenny

Autumn Statement 2011 – Analysis

Well the Chancellor has updated the country on his plans for the economy. Below is a summary of key points made: The Economy 2011 ecomomic growth forecast changed to 0.9% from 1.7% 2012 ecomomic growth forecast changed to 0.7% from 2.5% Growth expectation for 2013->2.1%, 2014->2.7%, 2015->3% Borrowing Government borrowing to be increased by £111 [...]

Autumn Statement Announcement

An update on the state of the economy is to be provided by the Chancellor George Osborne next week. Rather than providing a pre-Budget report, Mr Osborne will be using the Autumn Statement to analyse and provide insight into the finding of the OBR (Independent Office for Budget Responsibility). We are looking forward to picking [...]

Changes to State Pension Age Under Pensions Act 2011

The Pensions Bill 2011 received Royal Asset yesterday – 3rd November 2011. The Act puts into law changes to the State Pension age timetable. From April 2016, women’s State Pension age will rise faster than originally planned, equalising with men’s at 65 by November 2018. Between December 2018 and October 2020, men and women’s State [...]