Monday, 24 November 2008

What does the PBR mean for East London?

You may have seen and heard a lot about the PBR in the news today?

The pre-Budget report is the government’s chance to explain to us what the Budget next year will look like.

Just last week it was reported that families in East London have the highest debt.

A survey, conducted by Callcredit found that the E1 to E17 postcodes are the most debt-heavy in the country; additionally, places like Tower Hamlets are one of the most deprived in the country, with high unemployment rates and many families on benefits.

Are there any goodies in the PBR for East London? You be the judge:

The price of commodities in shops is likely to go down, with a cut in VAT from 17.5% to 15%. The government also plans to get poor families to pay less tax. For example, it has in place changes to income tax that will see people who earn £10,000 save about £118.

Pension credit will rise in April from £124 to £130 a week for individuals and from £189 to £198 for couples.

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Good news from the Northumbria Police today is that Missing mother Natalie Bracht and her five daughters have been found. The family is safe and well in Munich, Germany.

As reported in last week’s blog, Natalie left her home in Sunderland, and was reported to have been spotted in Shoreditch.

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