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A view of the House of Commons’ Budget debate
KEY POINTS
- Personal tax allowance to be increased again.
- Too many changes in the annual investment allowance.
- The government is out of touch when it comes to ISA limits.
- Pensions flexibility may not be beneficial.
No sooner had the chancellor George Osborne sat down after delivering his Budget speech on 19 March than the leader of the opposition Ed Miliband stood up and gave what is acknowledged to be one of the toughest reposts of the parliamentary year.
This was followed by hours of debate by MPs of the Budget resolutions and economic situation all of which was spread over four days ending on 25 March. Much of the debate is political but hidden away are some comments worthy of a closer look.
Tax threshold
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