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Live UK Budget coverage on eprivateclient from 12.30 GMT

News Team, 16/03/2016

Chancellor George Osborne is delivering his 2016 Budget today and eprivateclient will cover all the latest news live from 12.30 GMT.

With news on pension and tax breaks expected from Mr Osborne in what will be his last Budget before the UK goes to the polls for both local elections and to decide whether the UK stays in Europe, stay informed of the latest announcements affecting the private client world live with eprivateclient.

Following Mr Osborne\'s speech, eprivateclient will bring you all the news and views on the last coalition Budget from experts in the private client sector.

12.33: Chancellor George Osborne steps up to the dispatch box to deliver his second Budget of this Parliament

12.34: Chancellor announces that economy set to grow faster than any other in the world with deficit down by two thirds

12.35: Osborne: UK Government on course to acheive surplus 

12.36: "Dangerous cocktail of risk" to global economy but Osborne says the Budget is a long term solution not short term reaction

12:40 OBR revises down growth of global economy and UK productivity growth. Chancellor backs revised figures.

12.41 Osborne vows to borrow £1 for every £14 spent, down from £1 for every £4 spent post-crisis

12.41: Growth forecast at 2 percent in 2016, 2.2 percent in 2017 and 2.1 percent in 2018, 2019 and 2020

12.43: Osborne urges UK to stay in Europe to protect growth

12.44: Conservative government claims to have created 150,000 more jobs than OBR predictions

12.44: OBR predicting a million jobs to be created under this Parliament

12.46: Inflation forecast at 0.7 percent this year and 1.6 percent next year

12.48: Osborne: "The country will be spending no more than it spends in taxes"

12.49: Osborne reiterates long term economic plan, stating that the "security of families and businesses depends on Britain living within its means"

12.50: Public spending to be cut by £3.5 billion

12.52: Deficit to fall to 1 percent by 2018

12.52: Borrowing to fall to £55.5 billion by next year

12.53: Britain set to have surplus of £10.4 billion by 2019

12.55: further steps to prevent tax evasion expected to raise £12 billion

12:55: Richest one percent pay 28 percent of all income tax

12.59: Osborne sets out rules to clampdown on corporate tax avoidance - set to raise $9 billion for the Exchequer

13.00: Corporation tax to be reduced from 20 percent to 17 by April 2020

13.03: Osborne pledges to introduce £1,000 tax free allowances for online trading and property income, "a tax break for the digital age".

13.05: Stamp duty revised for commercial property from midnight tonight

13.07: “Shareholders of family companies will no longer gain by taking loans instead of salary and dividends – a new surcharge of 7.5 percent will level the playing field”, says Frank Nash, partner at London Chartered Accountants Blick Rothenberg LLP

13.10: Chancellor pledges "most radical devolution of power in modern history".

13.11: Osborne tells the Commons that more will be done to develop \'Northern Powerhouse\'

13.13: Genevieve Moore, partner at Blick Rothenberg LLP says that: “A raft of new proposals to tackle tax avoidance, even in areas which have never been viewed as tax avoidance in the past!"

13.16: Income from revised stamp duty taxes on second homes, introduced in last year, to be allocated towards housing projects, including £20 million in the South West

13.17: Green light given for HS3 rail link between Manchester and Leeds

13.20: Every school to become, or be in the process of becoming, an academy by 2020. Plans underway to make maths an obligatory subject up to the age of 18

13.20:  “Delaying the acceleration of the timing of corporation tax for larger companies to April 2019 - this is helpful for larger UK companies” says Paul Smith, partner at London Chartered Accountants Blick Rothenberg LLP

13.25: "The Chancellors \'modern tax code\' for business is welcome. A further reduction in the corporate tax rate to 17 percent should continue to help the UK be the destination of choice for international business"  says Mark Abbs, partner at London Chartered Accountants Blick Rothenberg LLP

13.27: Fuel duty to be frozen for sixth year in a row

13.27: Beer duty frozen again as Osborne backs pubs

13.29: Class two national insurance contributions to be abolished from 2018

13.29: CGT to be cut to 20 percent from 28 percent

13.29: CGT cut from 18 to 10 percent for basic rate taxpayer

13.32: ISA limit to be increased to £20,000 per year from next year

13.33: Lifetime ISA to be introduced from April 2017, with government to contribute £1 for every £4 saved

13:35: Higher income tax rate to increase to £45,000 from April 2017

13.38: Labour leader Jeremy Corbyn responds to Mr Osborne\'s eighth Budget - calling it "the culmination of six years of failures"

13.40: Corbyn: "This Budget has unfairness at its very core"

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