Budget 2016

KEY POINTS

• Several changes to entrepreneurs’ relief.
• Further reduction to the rate of corporation tax.
• Personal tax allowance and higher-rate thresholds up.
• Reduced exemption for employee shareholders.
• Lifetime ISA for adults aged between 18 and 40.

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See foot of page for Tolley Budget Summary 2016.

The economy is growing the labour market is delivering the deficit is falling and the economy is strengthening. This is George Osborne’s forecast and it is all down to the difficult decisions that the government took. But positives aside and like a master mariner listening to the shipping news Osborne warns of strong headwinds. Financial markets are difficult growth in the West is...