With all eyes on Westminster….
Darling’s statement – the continuation thread Alistair Darling has given his Pre-Budget Report speech, with the highlights being largely as expected: VAT cut from 17.5% to 15% for 13 months beginning on Monday, and an increase in the basic rate of Income Tax to 45% for those earning over £150,000. What had not been leaked was the increase in National Insurance Contributions by 0.5% from April 2011 which has been targetted by George Osborne in his rebuttal. Similarly, I would…