Our round-up of Chancellor George Osborne's key economic announcements from today's Autumn Statement.
OBR figures predict growth of 0.9% this year, 0.7% in 2012, 2.1% in 2013, 2.7% in 2014, 3% in 2015 and 3% in 2016 UK borrowing forecasts have risen by £112bn. A new loan scheme will be aimed at businesses with a turnover of less than £50m. It will provide credit lending facilities for small businesses, which he expects will cut their borrowing costs by 1%. The bank tax levy will rise to 0.088% from January 1st 2012 (up from 0.075%). The Government will not agree to an EU transaction tax. A new enterprise investment scheme (EIS) will give investors...
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