What are Grant Thorntons predictions for the PBR?
It is, of course, impossible to know exactly what the Chancellor has in store until the details are unwrapped on 24 November. However, the following issues may provide a flavour of what’s in store for a PBR Christmas dinner: Increase in personal allowances – after the debacle of the 10% starting rate of tax last year, the Chancellor needs to explain what he is going to do to ensure that the problem does not resurface in April 2009 for the start of the next tax year. Will the current savings guarantee be doubled? – The official guarantee for UK depositors is currently set at £50,000, or £100,000 for joint accountholders. There is speculation that this figure may double to £100,000 after similar proposals were unveiled recently by the European Commission. An extended holiday for SDLT? – the Government’s recent one year suspension of Stamp Duty Land Tax (SDLT) for home buyers purchasing residential property below £175,000 may have provided a glimmer of hope to those at the lower end of th
