Emergency Budget: Personal tax allowance to be raised by £1,000

Personal tax allowance is to be raised by £1,000 to £7,475, the emergency budget 2010 has unveiled.

This will mean that almost 900,000 of the lowest paid will no longer have to pay income tax and that 23 million basic taxpayers will save up to £170 a year.

In the long term, the government is to raise the threshold at which income tax starts to £10,000.

The National Insurance is also set to be increased, with a one per cent rise in employee contributions for lower earners from April 2011.

Osborne announced that any company set up outside London, the south east or the eastern region will be given a three year national insurance relief.

Firms will be also be exempt for up to to a maximum of £5,000 of employee national insurancepayment for each of their first ten employees.

Event Diary

Join us for the landmark 10th Anniversary of the London Build Expo, the UK’s largest and most influential construction and design show.

Retail Supply Chain & Logistics Expo returns to Excel London across 12-13 November, once again bringing together the world of logistics, supply chain, eCommerce and retail innovation for two dynamic days of opportunity.

Every sport, from grassroots football to world-class tournaments, depends on one constant: high-quality playing surfaces and well-maintained green spaces.

Supplier Profiles

Bauder Accepts Keys to its New UK Distribution Centre at Gateway 14

Bauder marked a major milestone in its UK expansion with the official handover of a brand

Words of World: Bridging language barriers with excellence

At Words of World, we specialise in professional translation and interpreting, d