Budget Media Room

These pages are designed for journalists, to give you fast access to the facts and our thoughts on the Chancellor's Budget. If you need Budget views and de-mystification of tax measures, please contact Margot Cowhig, corporate communications tax manager on 020 7694 4246 or the KPMG press office on 020 7694 8773.

Follow our twitter profile KPMG Budget 2009 to receive the latest updates on news, commentary and analysis from KPMG in the UK in the lead up and following the Budget.

Contact KPMG Media Spokespeople here.
 

Budget Press Releases

Tax  22 April 2009
Budget 2009 - Tax rate of 60 percent for some
Commenting on today's Budget announcement Carolyn Steppler, associate partner in personal tax at KPMG in the UK, said:

Tax  22 April 2009
Budget 2009 - onshore wind planning provisions could solve gridlock
Commenting on today's announcements on onshore wind planning, Andy Cox, energy partner at KPMG, said:

Tax  22 April 2009
Budget 2009 - Lean pickings for smaller businesses
Commenting on today's announcement Tom McGinness, Head of Middle Markets in London at KPMG said:

Tax  22 April 2009
Budget 2009 - Nine million drivers could benefit from car scrappage scheme, says KPMG
Commenting on today's budget announcement on the 'scrappage scheme', Mike Steventon, partner at KPMG in the UK said:

Tax  22 April 2009
Bingo: Chancellor's 'each-way' bet
The chancellor has today announced plans to remove VAT on participation fees for playing bingo, whilst simultaneously increasing the rate of bingo duty to 22%.

Tax  22 April 2009
Budget 2009 - Measures improve competitiveness of UK funds industry - But will fund managers stay in UK?
Commenting on today's Budget, which includes the adoption of the measures of the investment versus trading consultation paper, Rachel Hanger, Investment Management Tax Partner, at KPMG, said:

Tax  22 April 2009
Budget 2009 - landfill site operators to face additional tax increase in 'green' Budget
Commenting on today's announcement, Frank Sangster, Head of Environmental Tax and Incentives Group at KPMG said:

Tax  22 April 2009
Budget incentives alone unlikely to fuel the digital revolution
Commenting on the Chancellor's commitment today to the rollout of country wide Next Generation Networks David Woodward, Head of Capital Allowances said:

Tax  22 April 2009
Budget 2009 - More complexity for business says KPMG
Commenting on what today's budget holds for big business, Sue Bonney, head of tax at KPMG Europe, said:

Tax  22 April 2009
Budget 2009: Hedge fund regulation - beware unintended consequences, says KPMG
Commenting on today's announcement that HM Treasury will release a paper which will endorse the regulation of "all important institutions including hedge funds", Tom Brown, Head of Investment Management, KPMG Europe LLP, said:

Tax  22 April 2009
Budget 2009: Green measures will close energy gap, says KPMG
Commenting on today's announcements on green energy, Derrick Parkes, energy tax partner at KPMG said.

Tax  22 April 2009
Real Estate: a 'missed opportunity', says KPMG
For the real estate sector this budget is a big missed opportunity to encourage the development of the residential rented sector.

Tax  22 April 2009
Leeds - "a ray of budget sunshine" 
Iain Hasdell, Government Advisory Partner at KPMG in Leeds:

Tax  22 April 2009
Budget 2009: Chancellor's 'U-turn' on capital allowances
Following the Chancellor's announcement to temporarily, double to 40 percent, the first year tax relief available for investment in plant and machinery made in the current financial year,

Tax  22 April 2009
Budget 2009: UK has 'highest personal tax rate'
50 percent rate could drive away high earners, says KPMG.

Tax  22 April 2009
Budget 2009: oil and gas incentives should encourage North Sea development, says KPMG
"Oil tax changes announced in the Budget and intimated in the 2008 Pre-Budget Report will be welcomed by UK oil and gas companies."

Tax  22 April 2009
Budget 2009: ISA giveaway worth just £9, says KPMG
Commenting on today's announcement of increased ISA savings limits, Carolyn Steppler, associate partner in personal tax at KPMG in the UK, said:

Tax  22 April 2009
Budget 2009: Billions could return to the UK from offshore
Taxation of foreign profits - 'HMRC has listened', says KPMG.

Tax  22 April 2009
Budget 2009: A very different world for banks, says KPMG
Banks need to plan response to new capital, liquidity and funding regime.

Tax  22 April 2009
Public sector: A 'false sense of optimism', says KPMG
Alan Downey, KPMG's Head of Public Sector business, said: "The Budget may be luring the public sector into a false sense of optimism and complacency."

Tax  22 April 2009
BUDGET 2009 - 'TRIUMPH OF HOPE OVER EXPERIENCE'
The Budget projections look like a triumph of hope over experience. Despite having to drastically downgrade his forecast for growth this year, the Chancellor still expects the economy to rebound over the next two years.

Industries  21 April 2009
Proposed initiatives possible lifeline for auto industry, says KPMG
The proposed scrappage scheme and electric car incentives announced in outline by the Government are welcome support in a highly stressed industry, says KPMG.

Tax  20 April 2009
Budget 2009 - "No quick fix - we are in for years of austerity" says Andrew Smith, Chief Economist of KPMG in the UK 
Andrew Smith, chief economist at KPMG, comments ahead of the Budget.

Tax  17 April 2009
Budget View: Positive action needed to boost competitiveness of UK funds industry
Rachel Hanger, Investment Management Tax Partner at KPMG, suggests that consolidating a number of recent tax proposals in this year's Budget would boost the attractiveness of UK funds versus their offshore competitors.

Tax  16 April 2009
Budget 2009 - What might the Chancellor do to improve the UK's tax competitiveness in these turbulent times?
The past year has seen the issue of UK tax competitiveness hit the headlines with a number of companies quitting the country citing tax reasons as their main motivation for moving.

Tax  14 April 2009
Budget 2009 - Chancellor's options on VAT
This year's budget will be a tricky balance for the Chancellor and the government. There is an urgent need to support business and consumers, but huge pressure on public finances, limiting the potential for fiscal stimulus.

Tax  26 March 2009
Budget 2009 - Changes to rules on tax losses could bring help for struggling businesses, says KPMG
This year's budget will be particularly challenging for the Chancellor and the government. On the one hand, there is an urgent need for measures to help businesses, the lifeblood of the economy, to survive the severe downturn. On the other, there is enormous pressure on public finances, which limits the potential for fiscal stimuli.

Tax  19 March 2009
What might the Chancellor do to help individuals through these turbulent times?
In the first of a series of announcements looking ahead to the 2009 budget, KPMG suggests changes to tax and national insurance to help individuals in these difficult economic times.