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Osborne: UK should aim for highest employment rate

George Osborne stated that it is his commitment to fight for full employment in Britain, during a speech today.

He said:

When Winston Churchill was PM; they set the first commitment to full employment.

(Yet) attempts past and present by governments "guarantee" a job to every person are doomed to fail.

– George Osborne

There is no reason why Britain shouldn't aim to have the highest employment rate of any of the world’s leading economies.

To have more people working than any of the other countries in the G7 group.

That’s my ambition.

– George Osborne

In his speech Osborne said he wants the UK to be the best place in the world to "create, find and keep jobs" as well as improving schools and reforming welfare.

Cutting tax for businesses as well as "building new roads and railways", with an emphasis on becoming a "world leader in science".

That is what I mean when I say that we are going for Full Employment.

– George Osborne

Osborne commits to 'fight for full employment' in UK

George Osborne has stated in a speech that a Conservative government will "work towards full employment" for Britain, which includes cutting taxes for businesses and hard working people.

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Osborne's "full employment" commitment actually means UK having the "highest employment rate of any of the major economies in the world"

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Tory Chancellor commits to "working towards full employment"

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Osborne: 'Biggest tax cuts in two decades'

British workers and businesses are to benefit from the "biggest tax cuts" to personal and business taxes in "two decades", says George Osborne.

Chancellor of the Exchequer George Osborne during his visit to the National Graphene Insitute. Credit: Lynne Cameron/PA Wire

He also said the benefit system will be more affordable and fairer, with Britain creating jobs faster than almost any country in the world.

Inflation data 'evidence Government's plan is working'

Speaking during a trip to Tata Steel in Port Talbot, Wales, Chancellor George Osborne said today's figures showing that inflation had dropped to a four-year low was "further evidence that the Government's longterm economic plan is working."

Read: How falling inflation and rising wages could change the political debate over the economy

99p music downloads threatened by VAT crackdown

George Osborne's budget announcement seeks to tackle a VAT loophole that has been losing the UK an estimated £1.5 billion a year. Credit: Terry Scott/NEWZULU/PA Images

The future of the 99p music download looks bleak because of a change in VAT rules as the Treasury bids to reclaim more than £300 million in tax from tech giants like Apple and Amazon.

Chancellor George Osborne announced in last week's budget that multinational firms will have to pay the UK's standard 20% levy on all digital sales to British customers from next year.

Both Apple and Amazon currently benefit from a lower VAT rate on music downloads from their online stores like iTunes and Google Play by operating out of Luxembourg.

The changes are expected to see the 99p rate for a single download rise when the new rules take effect in January to end the loophole.

Read: Football chant shoots Human League back into download charts

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Tories 'enjoy boost in polls' after Osborne's Budget

The Conservative Party enjoyed a boost after George Osborne's Budget narrowing Labour's lead to just one point, according to a new poll.

George Osborne poses holding the Budget box outside 11 Downing Street. Credit: TERRY SCOTT/NEWZULU

Read: Labour 'supports pension reforms'

Ed Miliband's party were on 35%, up 1% on their rating in January, while the Tories surged by 4% to 34%, research by Survation for the Mail on Sunday suggested.

The shift appears to have been at the expense of Ukip and the Liberal Democrats, who were both 3% lower on 15% and 9% respectively.

The online survey of 1,000 adults was carried out on Thursday and Friday, after the Chancellor delivered his well-received package including a major pensions and savings shake-up.

Read: Tory chairman says he 'drinks beer and loves a game of bingo'

'Two million more' paying 40p rate under coalition

The number of people paying the higher rate of tax has soared by two million since the coalition government took power, according to the Institute for Fiscal Studies (IFS).

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Govt has squeezed the (upper) middle: IFS says number of people paying 40p rate income tax now 5.3m up from 3.3m in 2010

Balls: Labour 'will support the benefits cap'

A Labour Government will support George Osborne's cap on welfare spending, reigning in the total budget for the department to £119bn, the shadow chancellor told Daybreak.

However, Ed Balls warned Labour "would do things differently" within that cap, like scrap the bedroom tax and provide a guaranteed job for young people.

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