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Last Updated: Saturday, 13 October 2007, 11:28 GMT 12:28 UK
Pre-Budget report: implications
Alistair Darling gives his pre-Budget report in the House of Commons
BBC Radio 4's Money Box
Saturday 13 October at 1204 BST
On Radio 4 and Online

Moneybox examined the fine print of the government's tax and spending plans for 2008-2009, announced by the Chancellor, Alistair Darling, in the Commons on Tuesday.

In particular, who are the winners and losers in the changes to inheritance tax and capital gains tax?

To discuss the wider implications of the pre-budget report we were joined by John Whiting, tax partner with PricewaterhouseCoopers, Emma Chamberlain, a barrister and chair of the capital taxes committee of the Chartered Institute of Taxation, and Anne Redston, fellow of the Chartered Institute of Taxation.

First we took a look at the changes to inheritance tax.

Further information:

Capital gains tax

Till rolls, accounts books and a calculator
Some businesses will find they have to pay higher rates of CGT

Changes were proposed to pension credit payments and tax credits, with varying responses, but the proposed changes to capital gains tax (CGT) came as a disappointment to some companies and entrepreneurs.

A new across-the-board
rate of 18% will replace the tapered rates that have, so
far, applied to different kinds of businesses.

Stephen Alambritis from the Federation of Small Businesses joined us to discuss what the impacts of the changes will be when the new flat rate is introduced next April.

Further information:

Tesco property

Front of a Tesco supermarket
Tesco did not know it was technically acting as an estate agent

High Street estate agents
have scored a victory over Tesco, as the supermarket has been forced to suspend a key part of its home-selling service.

Since July, Tesco has been offering space on its property website to people who wanted to sell their homes.

But now, following advice from
the Office of Fair Trading, Tesco is pulling the plug, at least for the time being.

Bob Howard looked into the situation and asked how Tesco's defeat will affect consumers.

Further information:


Northern Rock's board is considering a proposal to re-brand the bank as "Virgin Money", put to it by a consortium headed by Sir Richard Branson.

Further information:

BBC Radio 4's Money Box was broadcast on Saturday, 13 October 2007 at 1204 BST.

The programme was repeated on Sunday, 14 October 2007 at 2102 BST.

Money Box



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12 Oct 07 |  Moneybox

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