H M Treasury: Here are the main points of the Conservative Budget of 2015, " Introducing a new National Living Wage of over £9 an hour by 2020. From April 2016, a new National Living Wage of £7.20 an hour for the over 25s will be introduced. This will rise to over £9 an hour by 2020. The tax-free Personal Allowance will be increased from £10,600 in 2015-16 to £11,000 in April 2016 The tax-free Personal Allowance – the amount people earn before they have to start paying Income Tax – will increase to £11,000 in 2016-17. Protecting defence spending. The government will meet the NATO pledge to spend 2% of national income on defence every year of this decade. Reforming the welfare system to make it more affordable. The welfare system will be reformed to make it fairer for taxpayers who pay for it, while continuing to support the most vulnerable. Taking the family home out of Inheritance Tax, The family home allowance will be added to the existing £325,000 Inheritance Tax threshold, meaning the total tax-free allowance for a surviving spouse or civil partner will be up to £1 million in 2020-21. Ending permanent non-dom status, Permanent non-dom status will be abolished from April 2017. From that date, anyone who’s been resident in the UK for 15 of the past 20 years will be considered UK-domiciled for tax purposes. "
Lets Get Real:
This what a REAL Consercative Budget looks like, fair for those in work and helping business to hire more people. Those on living wage should be happy, it is wise to restrict it to those over 25, how much can those who have left school or college have really paid in to the system. Lets see how Labour reacts, they living wage threw them and the BBC. Good day to be a Conservative.
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