Pre-Budget Report: 24th November 2008 (Summary of the Main Taxation Provisions)

Whilst many people were hoping for tax cuts, particularly families and small businesses, with public finances already stretched, how can the Chancellor balance public dept with the economic crisis? In reality, just how much scope does the Chancellor have to bring reprieve to those who are struggling? With the stock market at its most volatile and unreadable for many years, reaction to the Chancellors announcements is widely expected to have an immediate impact on asset values and the wider economy.