This email was sent to Money Box subscribers on 14 March 2008

Dear Listener,

The Budget continues to dominate our thoughts. We’ll be squeezing the blood out of the half-a-stone of detailed documents published by the Treasury this week.

First out of the 3.3 kilograms of paper will be the extra winter fuel payment which was the final flourish of Alistair Darling’s first Budget speech this week. Who will get it? How much will it be? And will it be paid for more than one year?

However hard you search among the Budget pack you will find barely a mention of the decision in the 2007 Budget to scrap the lower 10% rate of income tax. For most people that is offset by the cut in the basic rate from 22% to 20%. But not for five million people on low incomes who will pay more tax from April. We will be discussing the change and exactly who it will affect.

Car tax – official name Vehicle Excise Duty – will be raised, cut, or kept the same depending on what sort of car you own. It will also be a lot more complicated when 13 bands of tax replace seven – and that’s just for cars that are less than seven years old.

Finally (in the Budget) changes to ISAs – which we knew about but which are now confirmed and which we will get explained. And also the Saving Gateway – what is it? And when will it start?

And away from the Budget we will be talking to the Pensions Minister about the way the government plans to tax payments it is making to people whose pension scheme was wound up.

If you want more on the Budget and missed our phone-in Budget Call on Thursday you can listen on your computer, download it (though the podcast will not be there for more than a few days) or read a transcript on our website www.bbc.co.uk/moneybox

You can listen to Money Box on Saturday at noon or the repeat on Sunday at nine pm. Or you can listen when and where it suits you by downloading the podcast for your MP3 player. Or you can listen online. All the links – and Have Your Say on one of the topics on the programme – on our website www.bbc.co.uk/moneybox .

Best wishes,

Paul Lewis

PS Don’t forget the live preview of Money Box on BBC1 Breakfast between 8.45 and 9 on Saturday morning.


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