Cash for Pensioners and Tax Cuts for Savers in Budget 2015

BUDGET 2015: George Osborne has announced tax cuts, savings schemes and pension policies to reward both the lowest earners and those already in retirement

Emma Wall 18 March, 2015 | 2:40PM
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George Osborne promised no pre-election gimmicks or giveaways in today’s Budget speech, but the Chancellor has delivered a generous boost to pensioners and low income households.

Running just two months before Britain goes to the polls, this Budget has been dubbed the “starting gun” for the General Election, despite the fact that the official campaign does not start until March 30 when Parliament is dissolved. Osborne took the opportunity this afternoon to remind the country what the Conservatives, in coalition with the Liberal Democrats, have achieved over the past five years.

Osborne revealed that over this Parliament the deficit had been halved, and that five years on from the high street banks being bailed out the Government was now in a position to sell more bank shares on the stock market, benefitting the taxpayer.

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Emma Wall  is former Senior International Editor for Morningstar

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