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Chancellor to deliver first Tory Budget since 1996

Credit: PA

The Chancellor, George Osborne, will deliver the summer Budget later today.

It's the first Budget to be delivered by a Conservative government since 1996.

The Budget is expected to reflect many of the policies outlined in the Tory manifesto.

George Osborne is expected to include policies on:

  • Raising the 40p tax threshold to £50,000
  • Inheritance tax threshold will increase to £1m for couples by 2017
  • Benefits cap per household will fall to £20,000
  • Sunday trading laws to be extended to more than six hours
  • Reform to welfare benefits including tax credits


MP trust 'declines over distance'

Credit: Stefan Rousseau/PA Wire

Voters' trust in Westminster politicians falls the further away from London they live, according to a new survey.

While almost a quarter of those questioned in London (23%) said they would trust politicians in Westminster to allocate spending within their region, the level is lower in the regions and devolved nations:

  • 19% in the East of England
  • 17% in the South of England
  • 15% in the Midlands
  • 14% in Scotland and the North of England
  • 13% in Wales
  • 2% in Northern Ireland

Unveiling the survey as its annual conference opened in London, the Chartered Institute of Public Finance and Accountancy (Cipfa) called for more devolution of spending and revenue-raising powers away from Westminster to the regions and nations of the UK.

As trust ebbs away from Whitehall, politicians in Westminster urgently need to make sure that they are empowering and equipping local leaders with the both the means and the powers to ensure that devolution works for local communities.

Westminster cannot just devolve the risk of spending reductions without also devolving the responsibility for raising revenue to meet local demand.

– Rob Whiteman, Chief Executive Cipfa

The survey asked around 2,000 people across the UK.


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