UK Budget Takeaways:
- Austerity is “coming to an end”, rather than, as the Prime Minister said, being over
- 32m people will benefit from a cut in income tax that comes from raising the personal allowances a year earlier than promised. That’s £130 in the pocket of basic rate taxpayer, £1,500 for higher
- Extra spending almost entirely swallowed up by NHS (20bn) despite a few tiny giveaways on wide-ranging areas from social care, welfare, 1bn for defense, 1.7bn to help with the transition to universal credit . . .