July Budget 2015: Northern Powerhouse boost as George Osborne promises “seamless Oyster-style” ticket system for travel across region July 8, 2015 Chancellor George Osborne promised to put the “power into the Northern Powerhouse” as he presented his Summer Budget today, presenting a promise that is sure to cheer commuters. Train travel in the north of England is about to get a “seamless Oyster-style” ticketing system across the region (and yes, pun-happy tweeters have already coined the [...]
July Budget 2015: Buy-to-let landlords hit as George Osborne restricts mortgage tax relief and hikes rent a room allowance July 8, 2015 George Osborne has cut mortgage interest relief on buy-to-let homes, in an effort to create a "level playing field" between prospective landlords and those buying their homes to live in. Read more: Chancellor slashes corporation tax and bank levy The chancellor said the relief will be cut to the basic rate of income tax, which [...]
Summer Budget 2015: Barclays, HSBC, RBS share prices rise as Osborne reveals levy will be ditched July 8, 2015 Banks share prices lifted this afternoon as George Obsorne confirmed the levy would be phased out over the next six years. In a move widely seen as looking to sway HSBC, Standard Chartered et al from leaving the UK, Osborne's first all-Tory Budget confirmed that the levy would be cut gradually until 2022. Instead [...]
July Budget 2015: Non-doms “will pay the same tax as everyone else” July 8, 2015 George Osborne has announced that he will crack down on non-doms who evade or aggressively avoid taxation. Widely anticipated before the Budget, Osborne said he would name and shame tax avoidance schemes. We've stopped these blatant abuses that were allowed to flourish, and many others. But we said to the British people we would do [...]
July Budget 2015: Odds on George Osborne to talk Greece, BBC, Long Term Economic Plan… and maybe some Balls July 8, 2015 Will George Osborne be talking Balls in the Budget? Ed Balls that it is. The chancellor name-checking the ousted MP and former shadow chancellor in his Budget address is a 10/1 bet. It's more likely Osborne will give a mention to #MinisterOfAwesome Yanis Varoufakis at 5/1, while Greece is the word topping the Budget buzzword [...]
July Budget 2015: Five ways your pension could change after today’s budget July 8, 2015 Substantial changes to the UK's pension rules are expected to be introduced in today's Budget. Read more: Pension changes April 2015: The five things you need to know The government has generally been loath to take away retirement perks in previous years, but this is about to change as chancellor George Osborne moves forward [...]
July Budget 2015: Can you tell the difference between George Osborne and Gordon Brown? July 8, 2015 It's Budget day again today- and if it all seems a bit repetitive to you, spare a thought for George Osborne, who will be enduring his twelfth. Although, admittedly, it'll be the first time he hasn't had another party to please. But are they really all the same at heart? We've trawled through George [...]
July Budget 2015: FTSE rises ahead of George Osborne’s announcement July 8, 2015 After a disappointing few days in the wake of the Greek crisis, this morning the FTSE 100 woke up in a more optimistic mood, rising 0.52 per cent in early trading in anticipation of encouraging announcements from George Osborne during today's summer Budget. Read more: July Budget – Here's what to expect Sterling was 0.23 [...]
July Budget 2015: For the second time this year, it’s Budget bingo! July 8, 2015 Budget day is here again. While City analysts and economists are busy working out how George Osborne’s tinkering will impact the UK as a whole, bookies are yet again taking bets on the buzzwords to come out of the chancellor’s briefing. Sporting Index is predicting the briefing will last 55 minutes, the House will be [...]
July Budget 2015: George Osborne set to push up tax thresholds but ease back on Conservative plans to slash welfare bill July 7, 2015 George Osborne will today use the first Tory Budget in 19 years to deliver on his party’s pre-election pledge to slash taxes for millions of workers. Yet the chancellor will also row back on the Conservatives’ manifesto commitment to find £12bn of savings from welfare payments by 2017-18 – instead taking an extra year to [...]