UK Budget 2009 - Business
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Warning of hedge fund tax flight
Around a quarter of the City of London’s hedge funds could relocate overseas because of the new 50 per cent top rate of income tax, Kinetic Partners consultancy has predicted
Cobra chairman sinks fangs into higher taxes
Lord Bilimoria tells British Chambers of Commerce convention that attack on wealth creators could set Britain back more than 20 years
Treasury suggests rich will dodge tax
The Treasury has privately conceded that its own models suggest 69 per cent of those affected by the new higher rate would avoid or evade paying some of it
Business attacks proposal for high earners
Entrepreneurs and business leaders warn that the Budget move to impose an increase in tax rates will send a message that successful people are ‘not wanted’ in the UK
Muted response to Darling’s business measures
The Budget produced a muted response from business as Alistair Darling, the chancellor, sought to make the most of a modest fiscal stimulus
Financial support for life sciences
The British life sciences industry is set to benefit from government financial support and tax allowances for the high tech sectors, although it received less direct attention in the Chancellor’s speech than renewable energy and media
Construction industry gets £600m injection
The UK government will make £600m available to accelerate housebuilding projects that have been delayed or cancelled because of the recession
