With the UK’s general election scheduled for 7 May 2015 the Chancellor of the Exchequer’s annual budget statement was even more eagerly anticipated than usual. The coalition government’s achievements with the economy were a central theme and of particular note were the employment figures released earlier in the day.
‘Britain is working again’ was the key statement, backed up by figures suggesting the highest level of employment in Britain’s history. George Osborne broadly stuck to his promise of no giveaways or gimmicks, choosing to use the windfalls from lower inflation to pay down the national debt putting ‘economic security first’.
Most of the headline policies were released in the Autumn Statement in December 2014 and most of the fine detail will be in the draft Finance Bill 2015 to be released on 24 March 2015.