Business Undertook to consult on the abolition of withholding tax and tax relief for intellectual property and goodwill. Savers Limit for annual investments in Individual Savings Accounts, due to be cut to 5,000, will stay at 7,000 for the next five years. City regeneration Plans to introduce a range of tax incentives to encourage urban regeneration. Stamp duty exemption for all properties in disadvantaged communities. Accelerated tax relief on costs of clean-up on contaminated land.
VAT cuts to reduce the cost of residential property conversions, such as changing houses into flats.
Education 200m windfall tax to be allocated to schools. The additional money will be paid directly to head teachers. Primary schools will receive 4,000- 7,000, smaller secondary schools 10,000 and larger secondary schools 30,000. Fuel Freeze in excise duties. Duty freeze on all fuels to last until 2002 and until 2003 if oil prices stay high.