Chancellor George Osborne has said the UK’s coalition government will support private broadband investments with funds not spent in the digital switchover campaign.
Osborne also announced the planned landline duty will be scrapped before it is introduced. The tax would have seen a 50p a month payment taken from anyone with a fixed phoneline to fund improvements and expansion of the UK’s broadband network.
Other important elements of the emergency Budget, the first from the coalition government, are an increase in VAT from 17.5 per cent to 20 per cent on January 4, 2011, and national insurance relief for new companies set-up outside of London and the South East to the tune of £5,000 for the first 10 employees hired.
Osborne added that the Government will be accelerating the increase in the state pension age to 66, as well as looking to phase out the default retirement age.