March 11 (Reuters) - British finance minister Jeremy
Hunt will hand businesses a three-year, 11 billion pound ($13.23
billion) tax break by replacing the UK's investment allowance
with a temporary measure in next week's budget, Bloomberg News
reported on Saturday citing a government official with knowledge
of the matter.
Hunt will limit the relief to three years and propose a
permanent replacement in the Conservative Party's manifesto
before the next election, the report added.
($1 = 0.8314 pounds)
(Reporting by Lavanya Ahire in Bengaluru
Editing by Tomasz Janowski)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.