George Osborne presented the first Budget of this Parliament on Wednesday 8 July 2015. The speech set out his plans for the next five years 'to keep moving us from a low wage, high tax, high welfare economy; to the higher wage, lower welfare country we intend to create'.
The government also announced a number of changes to tax credits and Universal Credit as part of the welfare reforms aimed at reducing the growing expenditure in this area.
Our summary focuses on the tax issues likely to affect you, your family and your business. To help you decipher what was announced we have included our own comments.
To read further, then please visit our website and of course if you have any questions, please do not hesitate to contact us for advice
