Monthly Archives: March 2013

Budget 2013

Many of the announcements in the 2013 Spring Budget were anticipated – however, the Chancellor did manage to produce a number of surprises, despite the economic constraints.

The Budget highlights include:

  • The personal allowance will be increased to £10,000 in 2014/15, and the higher rate threshold by £415 to £41,865.
  • A new tax-free childcare scheme, from autumn 2015, to provide 20% of childcare costs up to £6,000 per child per year, for children under the age of 12.
  • The new single-tier pension will now be introduced from April 2016.
  • An Employment Allowance of £2,000 for businesses and charities to set against their employer NICs from April 2014.
  • A single rate of corporation tax of 20% for companies from April 2015.
  • Stamp duty is to be abolished for shares listed on exchanges (e.g. AIM) from April 2014.
  • A limited one year extension of CGT reinvestment relief for Seed Enterprise Investment Schemes.
  • Measures to increase the supply of low-deposit mortgages for credit-worthy households including a government-backed mortgage guarantee scheme from January 2014.
  • Specific anti-avoidance measures alongside the new General Anti-Abuse Rule (GAAR).

Read our detailed summary of the announcements made here

Brave ‘Soles’ Take Firewalk Challenge for Local Charity

On 6th March, 6 of our brave ‘soles’ took part in a 15ft ‘fire walk’ over burning embers, reaching over 600 degrees – to raise money for Blackburn Youth Zone. Stephen Kerrigan, Antony Keen, Lorraine Cade, David Gorton, Helen Cummings and Claire Furnival joined 50 other recruits and braving the 15ft walk over burning embers – all to raise money for this fantastic charity.

Blackburn Youth Zone is a town centre youth project designed to provide an affordable, safe environment for the thousands of young people in Blackburn. PM+M became patrons of the Youth Zone in 2011 and we are passionate about raising money for this worthy cause.

The event was a great success and the PM+M team raised well over £1000 which will help to provide funding for the Youth Zone to enable them to open 365 days of the year and to continue offering such a fantastic and much needed service to the young people of Blackburn and Darwen.

Thank you to everyone who sponsored our team.

For more information on Blackburn Youth Zone and the work they do, visit