Live updates

Chancellor announces VAT relief for Great North Air Ambulance

Great_heli_shot_over_trees_normal

Chancellor announces VAT relief for air ambulance fuel. Thanks for all the support everyone - we did it! #budget2014

As part of his budget for 2014 George Osborne has announced that air ambulances will have VAT relief.

The Great North air Ambulance have been campaigning for this.

National

Osborne shares picture of new £1 coin ahead of Budget

George Osborne has shared a picture of the new £1 coin together with his red Ministerial box ahead of the Budget later today.

C904eaaa62327be01009da82a78bef34_normal

Today I will deliver a Budget for a resilient economy - starting with a resilient pound coin http://t.co/Ev2IuNpXg4

Bjev1wxicaagjtj

See more: New 12-sided £1 coin unveiled

Advertisement

National

Osborne's budget to pitch to 'ordinary working people'

Chancellor George Osborne will make a pitch to "ordinary working people" later today when he delivers his penultimate Budget before the general election. He is expected to unveil the following:

  • A further rise in the personal allowance above the £10,000 level promised
  • Confirmation of the childcare tax scheme

Read: Childcare tax scheme to be 'more generous' than expected

There has also been speculation that Mr Osborne could be preparing to produce a rabbit from his red box, with some hints that there may be changes to National Insurance contribution levels or some movement on the 40% tax rate threshold rate.

More: Business-friendly Budget to motor engine of economy

National

Britons: Budget for high incomes, banks and business

The majority of Britons expect the Budget to be good for people on high incomes (55%) and the banks and big business (51%), according to an ITV News Index poll carried out by ComRes. Just 14% said it would be bad for people on high incomes, 15% said neither, and 16% said they did not know.

The City of London where a significant proportion of the UK's banking takes place. Credit: Anthony Devlin/PA Archive/Press Association Images

Some 13% said it would be bad for banks and big business, 17% said neither, and 19% said they did not know.

Read: Third of Brits 'worry they will never be able to buy a home'

Advertisement

Protestors expected outside Scottish Parliament

Campaigners will be protesting outside the Scottish Parliament calling for more to be done to help households that are being affected by the so-called Bedroom Tax.

"The Scottish Budget presents the first opportunity to offer much-needed hope to those affected by the bedroom tax in Scotland and we call on John Swinney to start the ball rolling by committing £20 million extra funding."

– Graeme Brown, Director, Shelter Scotland
Load more updates

Advertisement

Today's top stories