Budget 2016 - what to expect
16 Mar 2016
Chancellor George Osborne will deliver his Budget Speech today at 12.30pm, and we will be bringing you news of all the key announcements throughout the day – followed by a full summary which will appear on the site tomorrow morning.
With the EU referendum due in June, there has been much speculation that the Chancellor will deliver a downbeat economic forecast, warning of the dangers of a Brexit.
Additionally, the Chancellor is expected to announce major reforms to the education system, along with an additional £4 billion in spending cuts.
Mr Osborne’s eighth Budget will potentially introduce a £1.5 billion education package that will turn all UK state schools into academies.
Other measures predicted to be presented within the Budget include a rise in Insurance Premium Tax to 12.5% from 9.5% and considerable investment in the UK’s infrastructure.
However, Mr Osborne has a track record of surprising analysts with unexpected announcements – so make sure you keep an eye on our website for all the details.