19 May 2015
Chancellor George Osborne has announced that the second Budget of 2015 will be delivered on 8 July.
Having promised £12bn welfare cuts to be in place by 2017-2018 and foresworn increases in Income Tax, National Insurance and VAT, benefits seem set to be axed and peripheral taxes raised. Will tax rates be maintained and reliefs removed, allowing the pre-election promise to be kept whilst actually boosting the Exchequer? The devil is going to be in the detail. So far, the Chancellor’s comments have been lacking in detail; the Budget has been summarised as continuing “with the balanced plan we have to deal with our debts, invest in our health service and reform welfare to make work pay.”
We will provide our usual live commentary through social media on the day and produce our easy-to-digest summary of the main announcements to help you to understand how the changes made will affect you, your family and your business. Don’t forget to follow us for the live commentary @UHYHackerYoung or our East offices @UHY_East.