Budget Summary
Two months on from the General Election result, the Chancellor of the Exchequer today delivered his second Budget of 2015.
George Osborne will have known, as he stood up to address the Commons, that there was plenty riding on what came out of the famous red box.
This was the first Conservative Budget for almost 20 years and with the Conservatives now commanding an overall majority, Mr Osborne had far greater freedom to pursue policies which had previously been blocked by the Liberal Democrats.
In his opening statement, the Chancellor told MPs: “This is a Budget that puts security first, and recognises the hard-working British people.
“[It] sets out a plan for Britain for the next five years to keep moving us from a low wage, high tax, high welfare economy; to the higher wage, lower tax, lower welfare country we intend to create.”
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