Budget 2014 Review

David WebsterAudio, DrivetimeLeave a Comment

The Chancellor’s says “makers, doers, and savers” will be the big winners from today’s Budget.

He’s announced another increase in the personal allowance – so from April next year £10,500 of what you earn will be tax free. George Osborne’s also shaking up ISAs – and letting people invest £15,000 a year.

Duty on petrol’s being frozen – it’s the same for whisky and cider – and a penny’s coming off a pint of beer. Bingo players are also celebrating – as the duty on games will be halved to 10%.

George Osborne insists the economy is continuing to recover – but Labour leader Ed Miliband says the Chancellor’s just announced more “tax cuts for the rich while everyone else gets squeezed.”

David Webster reviewed the announcement on Drivetime.

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