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UK Economy News, Budget 2008 has been announced...excuse me while I don't get excited.
Today is a big day in the United Kingdom. Today is the day the Chancellor of the Exchequer reveals the Budget.
Part of me feels like the only reason I started studying Economics was because one day I wanted to be the girl who held up that dashing red briefcase. Now, not so much. Who wants a handbag which you can only take out once a year? Well today the red case was proudly displayed, Alistair Darling’s first Budget was never going to be terribly exciting. The main highlights being an increase of 4p on every pint of beer, 14p on a bottle of wine and 55p on each bottle of spirits. A pack of 20 ciggies are going to set you back an extra 11p too. So those that love their booze and fags will be grumbling, which they inevitably always are this time of year. Anyone with a car is also likely to be less than pleased with Darling’s increase in road tax and the (delayed) increase in fuel duty by 2p.
So what did he have to say about property?
Nurses, teachers and other key workers will benefit from being able to borrow money from shared equity schemes ... more

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