The Financial Planners Guide to the Summer Budget 2015

Two months and a day after the general election, George Osborne presented his seventh Budget – and second of 2015 – against a political background which few had expected in early May. This was the first purely Conservative Budget since Ken Clarke’s finale, back in November 1996. According to some press reports Mr Osborne had not expected the Conservatives to win the election outright, a factor which may have had a bearing on some of the tax proposals in the Conservative’s manifesto. As it was, Mr Osborne was left with no excuses not to begin implementing those manifesto pledges, which he duly did, both in terms of reducing the impact of inheritance tax and cutting pensions tax relief.

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