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.
George Osborne has shared a picture of the new £1 coin together with his red Ministerial box ahead of the Budget later today.
Today I will deliver a Budget for a resilient economy - starting with a resilient pound coin http://t.co/Ev2IuNpXg4
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
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.
A new 12-sided one pound coin will replace the current one in 2017 and it should be much more difficult to forge.Read the full story ›
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.
Some 13% said it would be bad for banks and big business, 17% said neither, and 19% said they did not know.
Scotland's Finance Secretary, John Swinney, has announced that he has found £20 million this financial year to limit impact of the so called Bedroom Tax on people in Scotland.
John Swinney has announced £522 million for college funding next year rising to £526 million in 2015-16.
Housing charity Shelter is hoping John Swinney will pledge £20 million to help mitigate the effects of the so-called Bedroom Tax for people in Scotland.
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."