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30th of December 2010
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News Tag: tax credits

August 3, 2010

US Pending Home Sales Index plunges to 9-year low

by Kay Murchie
US Pending Home Sales Index plunges to 9-year low
The National Association of Realtors (NAR) today said its Pending Home Sales Index fell by 18.6% in June on year. On a monthly basis, the index fell by 2.6% to 75.7 points based on contracts signed in June compared with May. As a result, the index fell to the lowest level since records began in 2001. The slump was attributed to ...




June 22, 2010

Emergency Budget: Osborne outlines painful cuts

by Kay Murchie
”Emergency
Today’s budget, currently being delivered by Chancellor George Osborne, has bought with it many painful cuts. Firstly, VAT will be increased from 17.5% to 20% from 4 January, 2011 - this is expected to raise £13 billion a year, according to Osborne. However, “essentials” such as food, newspapers and children's clothing will remain exempt from VAT. Meanwhile, child benefit will be frozen for the ...




May 14, 2010

Child Trust Funds/tax credits to be scaled back under new Government

by Kay Murchie
”Child
As the new Coalition Government gets underway, it has been revealed that Child Trust Funds (CTFs) will be reviewed and while full details are not yet clear, it is believed that payments will only be made to families with household incomes of less than £16,000 a year. CTFs were introduced in 2005 and have been available ...




March 24, 2010

US new home sales fall in February

by Kay Murchie
US new home sales fall in February
The Commerce Department has today revealed a fall in sales of new homes in the US for the month of February. According to the Commerce Department, new single-family home sales fell by 2.2% on the month to a seasonally adjusted annual rate of 308,000 units - the lowest since records commenced in 1963. Meanwhile, the fall represented the fourth consecutive monthly fall ...




December 22, 2009

US economic growth figures revised downwards

by Kay Murchie
US economic growth figures revised downwards
The Commerce Department today revealed that the world’s no.1 economy grew at a slower rate in the third quarter than previous estimates showed. According to official figures, the US economy grew by 2.2% between the July and September period, rather than the 2.8% previously reported and the original estimate of 3.5%. The figures come on the same day that the Office for National ...