On 8th July 2015, George Osborne, Chancellor of the Exchequer, delivered his Summer Budget 2015 to Parliament, the first budget since the General Election. With a Conservative majority, Osborne has the opportunity to enact policies that he believes ‘puts security first’ and provides a ‘Budget for working people’.
The Budget outlined the steps that the government will take to increase wages, cut taxes, support UK businesses and achieve an estimated surplus of £10 billion by 2019-2020. Through welfare reforms and additional fiscal measures, Osborne hopes to spur economic growth and curb benefit dependency, ultimately helping to foster more building, investing and training.
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