Daily Court Reporter - News Here is a glance of policy highlights from Britain's new coalition government:
Here is a glance of policy highlights from Britain's new coalition government:
— Economy: Prime Minister David Cameron has pledged an emergency budget within 50 days. The coalition wants to speed a reduction in the budget deficit, with plans to cut 6 billion pounds (US$8.9 billion) of government waste. It also plans to stop an increase in the national insurance tax. The tax system will be reformed in phases to ease the burden on lower and middle incomes. People earning less than 10,000 pounds ($15,000) will pay no tax. A new committee will consider long-term structural banking reform, but details are scarce.
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Date Published: May 17, 2010