FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

Osborne to announce budget to try and win last minute voters

12/03/2015

Chancellor of the Exchequer, George Osborne, is set to announce his 2015 budget next week in a last minute attempt to swing the May general election in favour of the Conservatives.

Osborne will try to convince the public that they are benefitting from the economy’s positve turnaround by capitalising on record low inflation and low unemployment. It has also been predicted that he will announce an increase in the threshold at which earners start to pay income tax, which the government hopes will save as much as £200 a year for voters. He is predicted to announce help for Britain’s oil and gas industry, after the plunge in oil prices put the trade in jeopardy. He is also likely to use his budget speech to intensify his attacks on Labour's handling of the economy before the financial crisis, when it was in power.

The Labour shadow Chancellor, Ed Balls, has claimed that the Conservatives planned cuts are "the most extreme in post-war history and the most extreme internationally".

This years general election, which takes place on 7th May, is set to be one of the most unpredictable elections in decades. The main political parties stand neck and neck in opinion polls and anti-establishment parties continue to gather support.

Peter Allen, a politics professor at London's Queen Mary University, told Reuters news agency:
"If you spend five years saying the economy is in trouble and we need to stop spending public money, it could be a difficult sell on the doorstep,"

Need financial Advice?


If you have any personal finance questions related to this news article, then please contact our financial advisers. You can get in touch by asking a question online, calling us on 0800 092 1245, or by arranging a visit.


Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue