Feeds

Osborne promises 'Budget for growth'

Tax break: 25m can now fill up their cars. Once. Halfway

Top three mobile application threats

Chancellor George Osborne is promising this afternoon's Budget will be a strategy for growth when set against big cuts in public spending, which seem likely to push the UK in the opposite direction.

An increase in personal tax allowance, the amount you can earn without paying tax, is widely expected. The Beeb reckons this will give 25 million UK citizens a whopping £45 a year – enough for a small cup of petrol.

Allowances are going up by about £600, but don't spend it yet – the change comes into force in April next year.

Osborne's job has been made harder by inflation and growth numbers released yesterday. The fear is that inflation will force the Bank of England to increase interest rates, which will reduce the UK's limited growth and result in "stagflation".

The Consumer Price Index, the government's favoured measure, stands at 4.4 per cent, up from 4 per cent in January: this compares to an EU average of 2.8 per cent.

CPI was pushed down by booze and ciggy prices, which were down 1.1 per cent. It was pushed up by costs of domestic heating, clothes and shoes.

The Retail Price Index is up as well – to 5.5 per cent, compared to 5.1 per cent in January.

First-time buyers are also getting help, according to widely leaked plans. Some 10,000 people will get a 20 per cent low-cost loan for new-build homes.

Osborne is also expected to do something to alleviate fuel prices – possibly by delaying the planned rise in fuel duty due next month.

The Budget speech will begin at 12.30; we'll have more coverage shortly after that. ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.