Six Key 'Leaks' Ahead Of Wednesday's Budget

Written By Unknown on Senin, 16 Maret 2015 | 14.47

Here are the six main points that have emerged about the likely content of Wednesday's pre-election Budget.

1: Pensions Giveaway

Up to five million people will be able to sell their retirement annuities for cash without facing a hefty tax bill, according to an authoritative and reliable briefing reported by Sky News, other broadcast media and the Sunday papers.

2: North-South Divide

George Osborne will promise a "truly national recovery", with measures to boost the English regions such as investment in infrastructure, science, energy and housing. This was revealed by the Chancellor in an article for The Sun on Sunday.

3: 'No Gimmicks'

Appearing on BBC One's Andrew Marr Show, Mr Osborne declared: "No giveaways, no gimmicks. A Budget for the long term. Everything we do in this Budget has to be paid for. That has been the central argument I've made all along."

4: Tax Cuts

A rise in the income tax threshold from £10,600 to £11,000 has been widely predicted for some weeks and was reported in The Sunday Telegraph and The Sun on Sunday. A rise in the 40% tax threshold from £41,865 to £50,000 was reported in the Sunday People.

5: Inheritance Tax

A signal that the Tory election manifesto will include a pledge to raise the threshold from £325,000 was reported in the Sunday Express. "We've said on the record it's one for the election, in the manifesto," a senior source told Sky News.

6: Beer And Baccy

A cut in the duty on beer and cider is expected, meaning 1p or 2p off a pint, a move campaigned strongly for by Tory MPs.

Another 16p is expected off a bottle of spirits, as well as a freeze on wine duty; and 28p on a pack of 20 cigarettes - reported in The Sun on Sunday.


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