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'Help-to-Buy' scheme to help mortgage deposits

A new 'Help-to-Buy' scheme will be introduced for those struggling to find mortgage deposits. It will include £3.5 billion for shared equity loans, and a Government interest-free loan worth 20% of the value of a new build house.

The Chancellor George Osborne is delivering his Budget. Credit: PA Wire

The new mortgage guarantee is sufficient to support £130 billion worth of loans, to help people who cannot afford a big deposit.


Cut in corporation tax but nothing on business rates

by - Former Business Editor
The Chancellor delivering his Budget Credit: PA Wire/PA Wire/Press Association Images

Corporation tax will go down to 20p by 2015 - that will be very welcomed.

It is not entirely unexpected but it will be popular with business. It does not sound like there will be any action on business rates though.

Remember that businesses pay more than twice as much in other taxes than they do in corporation tax.

The problem is that Infrastructure money, childcare support and corporation tax are all measures coming in after 2015. Those clamouring for action now will not be happy.


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