Follow the Pre-Budget Report on IFAonline

Chancellor Alistair Darling is today set to deliver his second PBR with a 5p increase on income tax for the UK's highest earners allegedly its biggest measure. According to reports, it will also include a temporary 2.5 percentage point cut in VAT, a one-year extension of the 10p tax rebate plan and a postponement in the rise in corporation tax. IFAonline will examine the implications of the announcement for financial advisers and providers across the UK after Gordon Brown admitted deflation, rather than inflation, was the biggest threat to the UK economy. "To fail to act now would not...