Budget fails to impress financial services industry

Professional Adviser
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The immediate reaction to Gordon Brown's budget announcement has been one of anti-climax today ...

The immediate reaction to Gordon Brown's budget announcement has been one of anti-climax today as changes announced will have little impact on the financial services industry. Few proposals caught the imagination apart from the 1% increase in employers' National Insurance, the abolition of stamp duty on all commercial properties in deprived areas and the working family tax credit. Gordon Brown's proposal to abolish stamp duty on all commercial properties in deprived areas, known as Enterprise Neighbourhoods, was applauded by David Bitner, technical marketing manager, from Brad...

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