UK Budget 2015 Live Blog - Yahoo Finance

Get the latest 2015 UK Budget news, analysis and comment as Chancellor George Osborne's speech happens on Yahoo Finance's LIVE blog.

    Here are the key points from George Osborne's Budget:

    :: Personal tax-free allowance will be increased to £10,800 in April 2016, and to £11,000 in April 2017.
    :: Beer duty to be cut for the third year running, with 1p off the price of a pint. Cider duty to be cut by 2%. Duty on scotch whisky and other spirits to be cut by 2%. Wine duty to be frozen.
    :: Pension pot lifetime allowance to be reduced from £1.25m to £1m from next year.
    :: National Minimum Wage will rise by 20p an hour to £6.70 from October.
    :: Corporation tax to be cut to 20% in two weeks’ time.
    :: A "Help to buy ISA" will be launched for first-time buyers. For every £200 saved for a deposit, the Government will top it up with £50.
    :: A personal savings allowance to be launched, taking 95% of Britons out of savings tax altogether.
    :: Fuel duty increase scheduled for September is cancelled.
    :: Employers’ National Insurance contributions for under-21s to be abolished from this April, and for young apprentices from April 2016.
    :: Class 2 National Insurance contributions for the self-employed to be abolished entirely in the next parliament.
    :: Annual tax return to be abolished altogether.
    :: North Sea oil industry to receive £1.3bn in support through four new measures.
    :: Legislation next week on diverted profits tax aimed at multinationals shifting profits offshore, with policy to take effect at the start of April.
    :: The Office for Budget Responsibility says Britain's economy grew by 2.6% last year.
    :: Growth forecast for 2015 revised up by 0.1% to 2.5%, with unemployment set to fall by 0.1% from 5.4% to 5.3%.
    :: OBR revises 2015 inflation forecast down to 0.2%.
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