The Times. Financial Times
Economy: will grow at a slower rate than previously forecast in 2008 with growth of 2%-2.5%, down 0.5% on earlier predictions
Borrowing will be down from £38bn to £23bn in 2012
Government departments expected to save a further £30bn in three years
Business: Corporation Tax cut by 2p in the pound, to 28%, by next year
Capital Gains Tax system to be reformed with taper relief abolished from next April and private equity industry to ‘pay a fairer share’
Single rate of 18%, and a £30,000 charge for nondomiciled taxpayers who are resident for seven years and tightening of which assets are taxable
Housing: help for lenders to provide more fixed-rate mortgages for 10 years in next year’s Budget
More than £4bn renovating social housing over the next three years
Transport: £14.5bn a year extra for Department for Transport, including funding for widening M1, M25 and M6 and doubling spending to upgrade the rail network
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