What to expect from the Budget

This will be the first purely Conservative Budget in nearly 20 years and the first of the new government.

Even though we already had a Budget earlier this year, this Summer Budget is a sort of ‘emergency budget’, similar to the one George Osborne called following their victory in 2010.

The emergency budget will be held 8th July at 12:30 BST.

This is what the UK Investor Magazine is expecting from the Budget

  • The 40% tax rate raised to £50,000
  • Increase of personal allowance to £12,500 by 2020
  • Possible abolition of 45% tax rate
  • Announcement to allow round-the-clock Sunday trading
  • Removal of inheritance tax on couple’s estates worth under £1 million
  • Cuts in council rent subsidies for those with reasonable incomes
  • The controversial announcement of £12 billion in welfare cuts
  • Cuts to tax credits
  • Further reforms to pension making them simpler to understand
  • Removal of buy-to-let tax breaks
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This is the profile of the UK Investor Magazine team who, in collaboration with each other and our partners, produce a number of in-depth analytical articles, reviews of investment services and publish sponsored articles from carefully selected partners.