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July 2015 United Kingdom budget

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Starting in April 2016, the Dividend Tax Credit will be removed and replaced with a tax-free Dividend Allowance of £5,000 for all taxpayers, with new rates of tax for dividend income above that amount
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The budget proposes spending of £742 billion and an income of £673 billion in 2015-16; a deficit of £69 billion (almost 10% of UK public spending).
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measures to introduce tax incentives for large corporations to create apprenticeships, aiming for 3 million new apprenticeships by 2020
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All Conservative MPs voted for the budget (with 9 abstentions). The Labour party voted against the bill with 19 MPs abstaining.
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Non-domiciles who have lived in the UK for the past 15 of the last 20 years will have to pay normal taxation
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The budget passed with a majority of 30 votes (320 votes for, 290 against with 36 abstentions).
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Confirmation that the BBC has agreed to absorb the £650m cost of providing free
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paid out to poorer students, paid for by replacing maintenance grants with loans
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The background to the budget was that of significant economic growth at 3%.
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reduced to £23,000 in London and £20,000 in the rest of the country
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of £9 an hour to be introduced by 2020 for 25+ year olds
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threshold raised to £1m by 2017 for married couples
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You can help by 89:Total expenditures 63:Conservative Party 1467: 1466: 1047: 1046: 493: 492: 378: 377: 229:raised to £11,000 215: 214: 138:was delivered by 132: 131: 1507: 1457: 1456: 1443:Spring Statement 1408:Budget Broadcast 1340:Summer statement 1074: 1067: 1060: 1051: 755: 748: 741: 732: 725: 724: 722: 720: 706: 700: 699: 697: 695: 678: 665: 664: 662: 660: 643: 634: 633: 626: 620: 619: 617: 609: 603: 602: 600: 598: 583: 577: 576: 574: 572: 557: 551: 550: 548: 546: 531: 525: 524: 522: 521: 506: 385: 294: 253:maintenance loan 210: 207: 189: 182: 36: 29: 26: 24: 1515: 1514: 1510: 1509: 1508: 1506: 1505: 1504: 1470: 1469: 1468: 1463: 1447: 1438:Spending Review 1391: 1083: 1078: 1048: 1043: 904: 765: 759: 729: 728: 718: 716: 708: 707: 703: 693: 691: 680: 679: 668: 658: 656: 645: 644: 637: 628: 627: 623: 615: 611: 610: 606: 596: 594: 591:Daily Telegraph 585: 584: 580: 570: 568: 559: 558: 554: 544: 542: 533: 532: 528: 519: 517: 514:BBC News Online 508: 507: 503: 498: 383: 353:Business 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Index


56th
Conservative Party
Chancellor
George Osborne
Deficit
July 2015 Budget documents
March 2015
2016
George Osborne
Chancellor of the Exchequer
Conservative
Kenneth Clarke

adding to it
HM Revenue and Customs
personal allowance
Ordoliberal
national living wage
Inheritance tax
maintenance loan
Benefit cap
television licences
Non-domiciled
"Budget 2015: Why are we having another Budget?"
BBC News Online
"Budget 2015: Osborne offers country 'new contract'"
"Summer Budget 2015: Full text of George Osborne's speech"
"Budget 2015 summary and highlights: Everything you need to know"
"Summer Budget 2015"

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