Budget 2012: Newspaper reaction

How did the newspapers react to George Osborne's budget? The cut in the top rate of tax and the increase to the Personal Allowance are making the early headlines, but expect the cut in age related allowances for pensioners to be big news once the full impact of the change has sunk in. What do you think? We'd love to hear your views, why not leave a comment at the bottom of this article? Daily Mail Osborne is picking the pockets of four million pensioners: Elderly will foot the bill for Chancellor's giveaway Is that really fair? Osborne says he’s hitting ...

National Loan Guarantee Scheme launched to increase lending to smaller businesses

Ahead of this week’s Budget the Chancellor, George Osborne, has launched a new scheme aimed at making it easier for smaller businesses to borrow money. National Loan Guarantee Scheme The National Loan Guarantee Scheme (NLGS) will allow small to medium size businesses to borrow money at interest rates 1% lower than outside of the scheme. Businesses with an annual turnover of up to £50 million will be eligible and so far Barclays, Santander, Lloyds and Royal Bank of Scotland have all agreed to take part; it is hoped that other banks will sign up in due course. However HSBC, one of the largest business ...

High air fares, clothes and food cause UK inflation to stick at 3.1 pc  

High air fares, food and clothing have caused the UK CPI (Consumer Price Index) to stick at 3.1 pc according to the Office for National Statistics. RPI (Retail Price Index), which includes the cost of housing, reduced slightly to 4.7 pc down from 4.8 pc in July. The news has come as a shock to many experts who expected CPI to drop to 2.9 pc. The figure remains well above the Bank of England's 2 pc target and marks the end of a three month period during which the rate had been falling.