16 March 2005
Chancellor Gordon Brown has today delivered his ninth Budget, the breakdown of which bodes well for consumers considering applying for personal loans.
As widely predicted by economists, the Budget includes a series of cuts or at least freezes to a string of taxes as Labour bids to secure votes ahead of the upcoming general election.
Mr Brown also announced earlier today the increase of tax-free allowances and tax credits on offer to UK residents.
These features combined with the doubling of stamp duty threshold to £120,000 and the extension of the £7,000 ISA limit until 2010, all paint a slightly rosier picture of the nation's current economy.
Consumers are well advised to exploit this positive economical situation by applying for personal loans before rates possibly fluctuate in the next quarter.
Compare all UK personal loans at uSwitch.com and find the one to suit your needs.
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