Contractor News Roundup: July 2020
The 2011 budget brought a range of measure which will be good news for contractors as well as making a number of announcements about the expected state of the economy over the next few months and beyond. Most notably the Chancellor stated that annual GDP growth is expected to be 1.7% in 2011 and 2.5% in 2012 with further rises in subsequent years. Inflation is expected to remain at between 4% and 5% during 2011 before dropping below 3% in 2012.
The Chancellor said that he ‘aims to make the tax system fair, simple to understand, and easy to comply with’.. Well, we can but hope! Here are some key benefits of the latest budget:
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