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BRITAIN BUSINESS BUDGET 2012



To: The Right Honourable British Chancellor George Gideon Oliver Osborne MP.

From: Athinarayanan Sanjeevraja

Date: March 22, 2012 

RE: Britain Business Budget 2012 

Congratulation: I would like to extend my warmest congratulation to you for presented Britain Business Budget 2012. March 21, 2012 was a great day for British Businesses. I wrote to you on January 30, 2012, saying that “to reach sound budget 2012 and strengthen the financial security of Britain’s and low tax plans for jobs and growth”. My budget expectations weren’t quiet met. However, it is great to see that you presented some good headline measures that will support British Businesses. Corporate taxes to go down to 24 percent from April 2012 and further go down to 23 percent in 2013 and 22 percent in 2014 subsequently. Additionally, you were announced to reduce the red tape from more than 1000 pages of regulation down to 50 pages. It is good policy that will promote the British Businesses in the coming years. I wrote to Secretary of State for Business Vince Cable on December 19, 2011 saying that “UK government should work closely with multinational businesses to understand what is required to bring the companies back to UK to make UK the most attractive location for multinationals. In my view, corporate tax should be in the range between 20 to 22 percent”. You were reduced in the headline 50 percent personal tax rate to 45 percent will remain concerned that the UK income tax rate is still comparatively high. However, this a first step on a journey to keep the UK competitive and open for business. You have done the great job Chancellor for making the UK more attractive to Business in coming years. Overall, Budget 2012 brought good news for UK plc.  

Thank you for making the British Businesses competitive and making the UK more attractive place for business for multinational companies for budget 2012. I couldn’t able to do the detailed UK Budget Analysis 2012 due to my March Working Paper 2012 on the subject of “Performance of the Turkish Economy during global crises”. I have to submit my working paper on or before March 31st 2012. I keep monitoring UK economy. I keep writing to you, when it is required. Please accept my best wishes for your magnificence continued good health and happiness, and for the peace, progress and prosperity of Britain.    

I am Athinarayanan Sanjeevraja with great respect of you Chancellor.

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