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Chancellor George Osborne began his Budget statement yesterday with the words “Britain is walking tall again”.
Much was to be said about how far Britain has come under the current Parliament, with multiple data backing this up. Living standards within the UK have increased by up to £900 per household and unemployment rates have dropped significantly.
Most admirably, in 2014, Britain’s economy grew 2.6%; faster than any other advanced economy.
Churchill Knight provides you with a full breakdown of the Chancellor’s announcements;
1. Business
2. Personal
3. Capital Taxes and VAT
4. Savings and Investments
5. Duties and other changes
Be sure to keep an eye out tomorrow, when Churchill Knight will take an in-depth look at the impact this year’s Budget will have on those working within the UK.
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The Churchill Knight blog is regularly updated with helpful content for contractors and freelancers – especially articles that answer the most frequently asked questions about umbrella companies! Please pop back shortly to see the latest articles written by Andrew Trodden (Marketing Manager) and Clare Denison (Marketing Executive).