2016 Budget Summary

16th March 2016

This was the third Budget within the space of 12 months. It threatened to be the most difficult of the trio becuase of constraints imposed by June’s EU referendum and disappointing economic numbers. Nevertheless, the Chancellor managed to produce several surprises, including net tax cuts in 2017/18 and 2018/19 before reaching his often repeated goal of a budget surplus in 2019/20.

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