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The 2012 Budget: The Fictional Five and the end of the 50% tax rate

The raft of tax changes in this year’s Budget will generally make a positive difference for the FN's five characters – including the cut in the top rate of income tax

The raft of tax changes in this year’s Budget, presented yesterday by UK Chancellor of the Exchequer George Osborne, will generally make a positive difference for the five fictitious characters Financial News has used to assess the effects of recent UK Budgets.

As always, although the names, occupations, firms and styles of living of the five individuals are fictitious, the financial situations they face are real.

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