CII briefing: Summer budget 2015

  • PDF
  • CII
  • Rating +1

Chancellor George Osborne delivered the first Conservative Budget for 18 years. Unconstrained by being part of a coalition administration, Mr Osborne has set out a broad plan of action which seeks to define the political and economic landscape to 2020 and beyond. The headline announcements include:

  • A new national living wage (to reach £9 p/h by 2020).
  • The abolition of non-domicile status.
  • A Green Paper on pensions tax relief.
  • A new levy on large employers to pay for new apprenticeships.
  • An increase in the personal allowance and the threshold for the 40p rate of income tax.
  • An increase in insurance premium tax to 9.5%.
  • A review of the regulation of claims management companies.

 Download this CII briefing to find out more.