The Chancellor George Osborne is set to take the unusual step of delivering two Budgets in the same year after announcing plans to keep the promises the Conservatives made prior to winning the general election.
The Budget on 8 July will outline plans to tackle tax avoidance and aggressive tax planning by the rich, as well as detail plans on welfare spending, Osborne announced in a letter in The Sun. The last Budget - forecast at the time to be Osborne's last - was delivered on 18 March and Osborne said a new Budget would be written with "working people" in mind and aim to "entrench stability and security". The big announcement in the March Budget related to the cut in the pensions lifetime allowance - from £1.25m to £1m, a move which concerned many advisers and other stakeholders, including ...
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