Feeds

Brown's budget extends R&D relief

Price of a Lordship frozen...

Build a business case: developing custom apps

Gordon Brown delivered his tenth, and widely assumed last, Budget today and promised to keep UK growth on track at between 2 and 2.5 per cent for this year rising to between 2.75 and 3 per cent for 2007.

Brown is introducing a zero rate of vehicle tax for cars with the lowest pollution rating. But rates increase up to a new high of £210 for the most polluting one per cent of vehicles.

He announced funding for an extra 3,000 science teachers, and science will be included in assessments of schools' performance. All students will be entitled to study any science subject and there is funding for afternoon science clubs at 250 schools.

Brown announced a single research budget for the medical research council and NHS which will be worth at least £1bn. Tax relief on R&D will be increased and companies with up to 500 staff will be now eligible. The previous limit was 250.

Investments in venture capital trusts will get 30 per cent relief.

The British Chambers of Commerce welcomed the expansion of R&D credit but would have liked "to see it extended to cover firms' expenditure on intellectual property. The BCC questioned Brown's forecast of a strong recovery in business investment because of low business confidence.

A bottle of wine will go up by 4 pence, cigarettes by 9 pence a pack, beer by one pence a pint but tax on champagne and spirits will be frozen.

More from the Beeb here and a full transcript courtesy of 24dash.com here.®

The essential guide to IT transformation

More from The Register

next story
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?