The Chancellor George Osborne has now delivered his Budget 2015 statement to the House of Commons. Here we summarise some of the other announcements affecting investment and government spending:
- Charities: Automatic gift-aid that charities can claim will rise from £5,000 to the first £8,000 of donations. The government will give £75 million to regimental charities and emergency services.
- Duties: The Chancellor announced a 1 pence cut on beer duty. Cider and spirit duties were cut by 2%. Fuel duty will not increase in September as previously planned.
- Broadband: The government will invest £600 million in upgrading Britain’s high-speed broadband and mobile network infrastructure.
- Export finance: UK Trade & Investment resources will double to support British businesses exporting to China.
- Transport: The South West will receive £7 billion for investment in transport.
- The Severn Crossing: The toll rates for the Severn bridges will be reduced from 2018.