Emergency Budget set for 22 June

The Tories pledged to hold a Budget within 50 days of coming to power before the election. Osborne confirmed the date at a briefing with his Lib Dem deputy David Laws, the Treasury Chief Secretary. Last week, Prime Minister David Cameron and his deputy Nick Clegg unveiled an 'agreements reached' document following protracted negotiations between the Conservatives and Liberal Democrats. In it, the Government announced next year's 1% National Insurance tax rise - dubbed a "jobs tax" by Cameron - is to be partly scrapped. Elsewhere, there will be a substantial rise in income tax a...