The pros and cons of the pre-budget report

Brett Alegre-Wood
December 9, 2009

Investment News - Pre-Budget report

In this instalment of my investment news. We'll take a look at today's pre-budget report and the sensational headlines that follow.

Why did Vince Cable call the report 'a good budget for bingo and boilers'? What has bingo or boilers got to do with the PBR?

Will the PBR win Labour their next election or gamble their future away? We'll highlight the main points from the report show you how this will affect our spending and savings, and why most of us will be £190 worse off.

There is some good news however, bingo tax is cut by 2% (don't ask me how this will make a difference to the economy), bank loans made easier for small businesses due to the extension of EFG, and the government is finally putting money into teaching us about money.

The question I have is the PBR out to win votes for Labour or is it to solve Britain's ongoing debt issue? As always if you have any questions or want to have a chat about current opportunities call the team on +44 (0)207 923 6100 or

Live with Passion
Brett Alegre-Wood


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