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Posted by on in Budgets

Caught between a rock and a hard place, George Osborne pleaded his case for continued austerity in his fourth Budget whilst maintaining the UK economy was on track to recovery.

Overall his budget was fiscally neutral – any tax savings to be funded by decreases in public expenditure.

There were a few surprises including: the £10,000 tax free personal allowance, brought forward to April 2014; financial support for prospective home owners; if you are a beer drinker, there will be a 1p reduction in beer duty and the September increase in petrol duty has been scrapped.

Tagged in: Budget Year Ends
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