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LeftishBrit

(41,205 posts)
Wed Mar 19, 2014, 06:04 PM Mar 2014

Budget 2014: George Osborne presents 'budget for savers' as growth upgraded

George Osborne pledged to champion "the makers, the doers and the savers" of Britain as he outlined the most far-reaching pension reforms since 1921 in a budget aimed firmly at the Tory heartlands.

The chancellor presented his "budget for savers" with a package of help for pensioners as he revealed that the economy is growing faster than expected....

For savers, who have been hit by Britain's record interest rates, there will big changes to the tax-free Isa pension scheme. The tax-free annual limit will be raised from £5,500 to £15,000 and savers will be able to move funds between cash and stocks and shares Isas.

Osborne announced that he would also help "hardworking families", with support for energy costs for households as well as businesses, and confirmed that the fuel duty rise planned for September would not take place...

(Much more at link, if your digestive system can stand it):


http://www.theguardian.com/uk-news/2014/mar/19/budget-2014-uk-economic-growth-george-osborne

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