Jeremy Hunt has been warned that a planned rise in corporation tax will have a “chilling effect” on the economy ahead of the Budget.
BySam Hall & Matthew Robinson
Jeremy Hunt has delivered his first Budget as Chancellor, after revealing sweeping tax rises and spending cuts last year. Scroll down to discover who the winners and losers were from the Budget, and how the measures announced will affect your finances.
Also in the news this morning
Prisons | Burglars could be released from prison a quarter of the way through their sentences under a new early-release scheme to tackle the overcrowding crisis in jails. The Ministry of Justice has sanctioned an extension in the time that offenders released from jail can spend at home while wearing an electronic tag, from 135 days to 180 days. Our Home Affairs Editor Charles Hymas has the full story.
‘American spy working at GCHQ’ stabbed in suspected terror attack
A woman stabbed in an alleged terrorist incident in Cheltenham was an American spy working at the nearby GCHQ base. The victim was targeted by a lone knifeman as she sat in her car in a leisure centre car park on March 9. She was taken to hospital where she underwent surgery and remained in a stable condition. A 29-year-old man arrested at the scene was initially held on suspicion of attempted murder. He was later re-arrested on suspicion of terror offences, police confirmed. The woman had been seconded to the Government’s secret listening station at GCHQ. The exact nature of her role has not been revealed, but it is thought she could have been working for the US National Security Agency which has close links with the security services in the UK. Our Crime Editor Martin Evans has the full story.
BBC staff put boot into Lineker and bosses
BBC Sport staff hit out at “multi-millionaire presenters who are drawing the picket lines and expect everyone else to join”, in a tense meeting with senior executives in Salford yesterday. Far from being united behind Gary Lineker, who has been embroiled in an impartiality row, it is understood that several staff members spoke out against the presenter. A source told The Telegraph: “There was a sliding scale of anger among the rank and file between BBC management and Lineker.” Meanwhile, there is strong feeling among some that the BBC indulges freelancers who have different rules to staff journalists. Part of that, according to a source, is turning a blind eye to their social media output when staff can expect “a rap across the knuckle” for far less controversial messages.
World news: Russia searching for US drone wreckage
Russia will try and retrieve the US drone one of its fighter jets downed over the Black Sea, the Kremlin has announced. However, a White House spokesman said the drone may never be recovered. Catch up on today’s developments on our Ukraine live blog.
Around the world: Ukraine’s ‘territorial dispute’ is no ‘vital interest’ for US, says DeSantis
Business news: Escalating crisis at Credit Suisse triggers fresh fears for European banks
Credit Suisse’s biggest shareholder has ruled out injecting any more cash into the embattled bank, triggering a slump in its share price and sparking panic in financial markets. Simon Foy has more on this story here.
A joint effort of several authors who do find that nobody can keep standing at the side and that “Everyone" must care about what is going on in today’s world.
We are a bunch of people who do not mind that somebody has a totally different idea but is willing to share the ideas with others and to be Active and willing to let others understand how "today’s decisions will influence the future”. Therefore we would love to see many others to "Act today".
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