What to expect from the Budget

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.