Summer Budget to be delivered on 8 July
18 May 2015
Chancellor George Osborne has announced that he will deliver a new Budget on 8 July to deliver on commitments made to working people.
BBC News reports that the Chancellor said he was making the unusual move of having a second Budget in one year in order to "deliver on the commitments we have made to working people".
Speaking outside 11 Downing Street, the chancellor gave a broad outline of his plans for the forthcoming Budget but refused to be drawn on the details, including the Conservatives' planned £12bn of welfare cuts.
"It will continue with the balanced plan we have to deal with our debts, invest in our health service and reform welfare to make work pay. But there will also be a laser-like focus on making our economy more productive so we raise living standards across our country. We're going to put Britain into good shape for the long term."
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CIPP comment We recently published a summary of the Conservative manifesto pledges which lack any real detail particularly on when certain changes will come into force. We hope that if there are any further changes announced in this second budget which affect the payroll profession and employers, that enough implementation time will have been considered. We will of course provide you with a concise summary on the day. |