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Spending Review Result 2015

Spending Review Result 2015

Spending Review Result 2015. George Osborne has unveiled the results of the government’s spending review; here we analyse the key points in 25 main areas.

Tax credits

  • All cuts to tax credits are to be cancelled.

Rowena Mason, political correspondent: Osborne has clearly surprised his MPs by totally abandoning his tax credit changes, which would have cost affected families up to £1,300 each and caused consternation on his own side as well as the opposition. It is a 100% U-turn since his aides were insisting up until recently that he was committed to the cuts in principle. read more

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Spending Review Today

Spending Review Today

Spending Review Today is the day when the Chancellor will reveal his plans for Government spending and the nation’s finances.

The spending review sets the amount Government departments will spend – a £4tn budget over the next five years.

Spending reviews were introduced by Gordon Brown in 1998 and the last one was in 2013. read more

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George Osborne Reaches Deal On Spending Cuts

George Osborne Reaches Deal On Spending Cuts

  • Posted: Jun 23, 2013
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George Osborne Reaches Deal On Spending Cuts

(Reuters) – Chancellor George Osborne completed talks on Sunday with government departments aimed at securing spending cuts worth 11.5 billion pounds in 2015-16 to help reduce the country’s budget deficit, the Treasury said.

George Osborne on the BBC

Britain’s Chancellor of the Exchequer George Osborne appears on the BBC’s Andrew Marr Show, presented by Sophie Raworth, in this photograph provided by the BBC, in London June 23, 2013. read more

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Hopes Rise Fuel Duty Hike Will Be Scrapped

Hopes Rise Fuel Duty Hike Will Be Scrapped

  • Posted: Mar 14, 2013
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Hopes Rise Fuel Duty Hike Will Be Scrapped Chancellor George Osborne is predicted to take the step in his Budget next week to help ease the cost of living.

Chancellor George Osborne is planning a hike in fuel to help britons ease the cost of living.

The move would mean that the coalition has axed or frozen every scheduled rise since 2010 and the prospect has already been welcomed by motoring groups. read more

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The Budget Predictions For 2013

The Budget Predictions For 2013

  • Posted: Mar 14, 2013
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The Budget Predictions For 2013 Access to London will cover the budget on 20 March . Here is an outline of what aspects. The budget will cover this year from The Telegraph

This guide outlines the latest predictions for the Budget 2013 related to individuals and households. It will be updated as more information emerges in the coming days ahead of the Budget announcement on Wednesday March 20. read more

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Elderly Care Bills To Be Capped At £75,000

Elderly Care Bills To Be Capped At £75,000

  • Posted: Feb 11, 2013
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Elderly Care Bills To Be Capped At £75,000. It has been announced today that elderly care bills are to be capped by the state in a £1bn move expected to be funded by dragging more people into inheritance tax.

The cap on how much pensioners pay for care is to be set at £75,000, more than double the £35,000 recommended by the Dilnot Commission.

But the assets threshold beneath which people will receive means-tested support is to be hiked significantly – up from £23,250 to £123,000. read more

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