Budget 2010: in summary

clock

All the key facts from today's budget.

Financial Services & Banking Bank accounts accessible for all. Banks bonus tax raised £2bn and will help fund scheme to encourage SMEs. A new green investment bank, which will control £2bn worth of equity. RBS and Lloyds will provide a total of £94bn of new business loans, nearly half to SMEs Darling insists "A strong financial services industry is essential for our economy."   Mortgages As expected, from midnight, stamp duty threshold doubles to £250,000 for first time buyers for this year and next. Stamp duty increased to 5% for properties over £1m from April. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

What Justin Bieber is telling you about your clients

What Justin Bieber is telling you about your clients

‘In our world, success, true success, is delivering someone to their goal’

Chris Justham
clock 22 April 2026 • 2 min read
Bank return to advice is a rare case of sequel eclipsing original

Bank return to advice is a rare case of sequel eclipsing original

‘Most banks and financial advisers will be serving vastly different customer bases’

Mark Glover
clock 21 April 2026 • 5 min read
FCA urges principal firms to strengthen inactive AR oversight

FCA urges principal firms to strengthen inactive AR oversight

Gaps in governance, reporting, and consumer protection

Isabel Baxter
clock 21 April 2026 • 3 min read