1. General news
1.1. Report on June 2010 Budget
The House of Commons Treasury Committee report on the June 2010
Budget is available at: www.publications.parliament.uk/pa/cm201011/cmselect/cmtreasy/350/350.pdf
The main conclusion is:
"The Chancellor told us that he had built a degree of
caution into the fiscal mandate by seeking to achieve it a year
early. We welcome this as a signal that if economic conditions
demand it he may be prepared to take measures to stimulate the
economy, even if these delay the current plans for cutting the
deficit."
In relation to business aspects, there was a commitment to
examine problems faced by SME's in raising credit, a commitment
to consider the impact of the proposed bank levy (currently subject
to consultation) and other proposed changes in the UK and
international regulatory system, and an expression of encouragement
for the Chancellor's willingness to reconsider the effect of
his proposals in encouraging existing and
