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Budget 2014: Damned by faint praise?

The budget watchdog doesn’t seem that impressed by the Chancellor’s announcements for “makers, doers and savers”

By Emran Mian  

Who said what to whom?

The Chancellor described his Budget as being for “makers, doers and savers”. For makers and doers specifically, there is a big increase in the allowance for capital investment, up to £500,000 which will stay in place for longer than originally planned.

What does it mean?

If you’re a manufacturer, for example, looking to buy equipment for your factory, you now have an added incentive to do it quickly. Claiming the tax allowance makes the investment cheaper. And the allowance ends in December 2015, so firms might plan and make that investment sooner than they otherwise…

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