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Budget 2015 live: George Osborne hails 'Britain the comeback country' | |
(35 minutes later) | |
Key points from George Osborne's final Budget speech ahead of the General Election: | |
* UK grew faster than any other advanced economy in 2014 but lower than 3% predicted in December | |
* Jobless rate to fall to 5.3% as employment reaches UK record | |
* £13bn assets from Bradford & Bingley and Northern Rock to be sold | |
* Review of inheritance tax avoidance | |
* Taxes target multinational profits "artificially moved offshore" | |
* Petrol duty frozen | |
* Tax changes to boost North Sea oil industry | |
Also | |
* Chancellor's speech in full | |
Please wait for a moment while the live blog loads | Please wait for a moment while the live blog loads |
UK economic growth has benefited from the falling price of oil, an uplift in European growth thanks to cash injections from the European Central Bank and a decreasing borrowing costs - three areas Osborne has had little control over, though he may well take credit for the improvement in our fortunes. | UK economic growth has benefited from the falling price of oil, an uplift in European growth thanks to cash injections from the European Central Bank and a decreasing borrowing costs - three areas Osborne has had little control over, though he may well take credit for the improvement in our fortunes. |
Fortunes have improved: the UK economy grew by 2.6 per cent last year. The last time growth exceeded this was before the financial crisis in 2006, when growth was 3 per cent. | Fortunes have improved: the UK economy grew by 2.6 per cent last year. The last time growth exceeded this was before the financial crisis in 2006, when growth was 3 per cent. |