March 18, 2015, 9:14 amUpdated: December 8, 2015, 1:01 pm
Chancellor George Osborne is set to deliver his sixth, and arguably most important, Budget today.
The Chancellor is expected to use an improvement in economic forecasts to hammer home the message that his “plan is working” – urging the public not to return to “chaos” under Labour.
The speech at 12.30pm is expected to kick-start the Tory election campaign with a series of crowd-pleasing measures and promises of more if his party is re-elected.
Some £2 billion will be allocated to raising the personal tax allowance from £10,600 to £11,000, in line with the Conservative and Liberal Democrat aim for it to hit £12,500 by 2020.
He will also highlight plans to scrap annual tax returns and replace them with “digital tax accounts”, allowing millions of people to manage their affairs in real time using smart phones or computers.
https://youtube.com/watch?v=Fq1O2yijpNk
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