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BBC NEWS | Talk about Newsnight | A blog and forum
Tax Ministers today moved to head off a potential backbench rebellion over the abolition of the 10p income tax rate by promising to consult on new measures to tackle poverty among Britain's lowest income households. Chief Secretary to thebanks - and consequently bolster the mortgage market. We'll be asking if taxpayers' money will be at risk. And will interest rate cuts be passed on to customers as a result? President Carter The former US President, Jimmy CarterRichard Watson will bring you the definitive story of the two men and of Al Muhajiroun - the organisation they were at the heart of. Brown in the USA The roads are repaved, the traffic's stopped, the flags are flying and the crowds
www.bbc.co.uk/blogs/newsnight/latest_programme/
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BBC NEWS | The Reporters | Robert Peston
degree of compensation to those damaged by the abolition of the 10p tax-rate, he said it would "help all basic rate taxpaying families at a time when oil and food prices have been rising in every part of the world." anticipates a sharp slowdown in growth to less than 1% per annum in early 2009 on the basis of an unchanged base rate. But it expects inflation to overshoot the target two years from now if the base or policy rate falls to the level discounted by the market. Which puts the Bank of England in a tricky position, toinflation to be well above target later this year, whatever it does. The chances of further interest rate cuts in the near future seem to me to have narrowed to somewhere between slim and zero. Link to thismodest saving for companies, because right now these dividends are taxed on the difference between the British tax rate and how much these dividends were taxed overseas at source. Note that this, if implemented, would represent Alistair Darling So should we feel their pain and hope that the chancellor has a change of heart? As usual in tax, there is a trade-off between fairness and enforceability. What the Treasury Five Live Breakfast James Reynolds' China Justin Webb's America Magazine Monitor Mark Mardell's Euroblog Nick Bryant's Australia Nick Robinson's Newslog
www.bbc.co.uk/blogs/thereporters/robertpeston/
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