Tuesday 28 February 2012

Niraj Vyas comments on 2012 Budget Predictions - Money Observer

Niraj Vyas, UK financial services director at Guardian Wealth Management

‘We hope to see the chancellor announce a strategy that will, in particular, get the one million or so unemployed young people into work.

‘We would also be keen to see the government introduce tax cuts and the abolition of the 50 per cent tax rate on higher earners. The coalition government has committed to retaining this higher rate but we feel it acts as a deterrent to foreign investment and entrepreneurs. Instead, more should be done to encourage new business ideas and start-ups and we hope to see the government provide incentives to entrepreneurs such as tax relief to encourage new ventures and new employment.
‘We also hope that the chancellor doesn’t bow to coalition pressure and introduce a levy on homes worth £2 million plus, currently advocated by the Liberals, as it stands to further depress an exceedingly fragile housing market.’

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