Budget 2015: Chancellor George Osborne to outline spending measures
- Credit: 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.
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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.
- 1 Luxury Canary Wharf flats going for lower rent set by the council
- 2 Driver, 18, wanted for driving wrong way through Blackwall Tunnel
- 3 Isle of Dogs man who murdered teenager at Crossharbour DLR sentenced to 27 years
- 4 Fines totalling £361k handed to East End landlords and agents
- 5 Barts Health NHS Trust reports one of lowest rates of vaccinated staff
- 6 Liverpool Street to Shenfield line suspended as person hit by train
- 7 Man charged after triple stabbing on night bus in Mile End
- 8 Man killed after fall from Bow tower block
- 9 Road and rail disruptions to expect in east London this week
- 10 Go-ahead given for 315 more homes in third stage of Blackwall Reach scheme
Check back throughout the day to learn how the Budget will affect you.