Budget 2015: Chancellor George Osborne to outline spending measures

PUBLISHED: 10:01 18 March 2015 | UPDATED: 10:01 18 March 2015

Chancellor of the Exchequer George Osborne outside 11 Downing Street before heading to the House of Commons to deliver his annual Budget statement.

Chancellor of the Exchequer George Osborne outside 11 Downing Street before heading to the House of Commons to deliver his annual Budget statement.

PA Wire/Press Association Images

All eyes will be on George Osborne later today when he outlines the final Budget before May’s General Election.

Although little is certain until his sixth Budget Day speech gets underway at 12.30pm, the Chancellor has promised a series of announcements with “no giveaways” or “gimmicks”.

The tax on savings income is likely to be slashed to target high-end earners only, while wide-ranging pension reforms are set to continue.

Ultra-fast broadband is expected to be announced across the country, while a cut in beer duty and fuel duty freeze could also revealed.

The new tails side of £1 coins will be revealed, showcasing the four plants associated with the four nations of the UK.

Designed by 15-year-old competition winner David Pearce, the new 12-sided coin will enter circulation in 2017 featuring a rose, leek, thistle and shamrock.

Last year’s budget saw the Chancellor outline a range of measures including the raising of tax-free personal allowance to £10,500 and the cutting of beer duty by 1p per pint.

Check back throughout the day to learn how the Budget will affect you.

Latest East London News Stories

40 minutes ago

A call for the chair of the controversial Island Heath Trust to resign has been made publicly by the Mayor of Tower Hamlets.


A call for more drastic measures to stop acid attacks than the government is prepared to undertake has been made in a joint campaign by both the Mayor of Tower Hamlets and East Ham’s MP.

Police have released CCTV footage which shows a burglary suspect trying to kick in the front door of a property on the Isle of Dogs.


A mother has been attacked in front of her children after experiencing a torrent of racial abuse on a Tube train.


Rubbish is on the mayor of Tower Hamlets’ agenda to sort out what happens to the weekly council bin collections.


Catfish and the Bottlemen are the final headline act to be announced for the new All Points East festival in Victoria Park this summer.

Yesterday, 17:53

Dashing to the top of this 42-storey City tower could help nearly 2,000 families registered homeless in Tower Hamlets who are in temporary accommodation.

Yesterday, 16:09

A Poplar seaman’s charity has received surplus food from a supermarket chain to help feed those in need.

Newsletter Sign Up

Sign up to receive our regular email newsletter

Most read news

Show Job Lists


Having a brand new kitchen is something that lots of people want but can only dream of. Sadly keeping up to date and making our living spaces as nice as they can be is a costly and incredibly stressful business. Even a fresh coat of paint makes all the difference but isn’t easy or quick.

Who wouldn’t love the chance to go on a shopping spree. Imagine being able to walk into a shop and choose whatever your heart desires without having to worry about how much it costs.

Digital Edition


Enjoy the
Docklands and East London Advertiser
e-edition today


Education and Training


Read the
Education and Training
e-edition today

Read Now