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ESA: ‘The fiscal fire starter’

March 23, 2015

New Approach

A flame between two thorns

ESA: ‘The fiscal fire starter’

Chancellor Osborne has one heck of a problem…

IDS is burning a hole in the Treasury budget and no one can put out the fire.

In his final budget, Osborne delivered what you’d expect any Tory chancellor to deliver, the promise of tax cuts with a personal allowance of up to £11,000 by 2017/2018, beer duty cut by 1p a pint and cider by 2p, 2% cut in excise duty on scotch whisky and other spirits while wine duty frozen, Petrol duty frozen, first £1,000 interest on savings income to be tax-free for basic rate taxpayers and a £500 allowance for 40p tax ratepayers, plus enticing annual savings limit for ISAs increased to £15,240.  That’s not to mention a “fully flexible” ISA which will allow savers to withdraw money and put it back later in the year without losing any of…

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