While Chancellor George Osborne was making headlines with his surprise U-turn over tax credits, the combined Spending Review and Autumn Statement was surprisingly muted with no shock announcements and taxes relatively untouched.Millions of low paid families will not now see their benefits cut in April, although the relief for many will be temporary because tax credits will be phased out by 2018. (more…)Read More
It was the first Conservative Budget for nearly 20 years – and, for all the bluster that you’d expect for such an occasion, the sentiment from Chancellor George Osborne was clear: Britain deserves a pay rise.
Speaking in a packed House of Commons, Mr Osborne set out plans to cut welfare spending and increase some taxes – but also boost the minimum wage – as he aims to get Britain back in the black. (more…)Read More
Budget 2015: Reaction
By Tom Saltmer
Now the dust has settled on the Chancellor’s speech we can look in more detail at the policy measures introduced. With the General Election less than two months away the 2015 Budget was always expected to be overtly political, and so it proved – but what about the policy announcements in the 2015 Budget? (more…)