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Budget

Chancellor Jeremy Hunt

Spring Budget Summary 2024

The Chancellor Jeremy Hunt delivered his 'Budget for Long Term Growth' on Wednesday 6 March 2024. His speech promised 'more investment, more jobs, better public services and lower taxes', together with tax breaks designed to boost the country’s film industry. The package promises more than £1 billion in additional tax reliefs to creative industries over the next five years. Theatre, orchestras and museums were also singled out with extended rates of tax reliefs and the National Theatre received £26m for infrastructure upgrades. The Chancellor announced a further two per cent…

Chancellor’s Brexit brinkmanship puts the hold on

The continuing uncertainty over Brexit saw the Chancellor deliver a Spring Statement that was more holding plan than action plan. Following just one day after the latest rejection by Parliament of the government’s latest Brexit deal, there were few surprises but many cautions as Philip Hammond highlighted a range of alternative scenarios, depending on what happens with the country’s exit from the EU over coming weeks. That included a possible reversal to the ‘end of austerity’ he predicted in the Autumn 2018 Budget, with the Chancellor saying that he will…

Budget 2015 – The key points

George Osborne's March 2015 Budget has been announced today and below we have summarised the key points of this year's Budget: The new Help to Buy ISAs effectively give investors tax relief on a cash ISA investment for home buying. The Government will provide a £50 bonus for every £200 of monthly savings up to a maximum of £3,000 on £12,000 of savings. The scheme is for first time home-buyers on houses worth up to £450,000 in London and £250,000 elsewhere in the UK. The aim is to start the scheme…

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