Budget Round up

By Teamspirit on Wednesday, 15 July 2015

One week on from the 2015 Summer Budget.

The Summer Budget was a platform for Chancellor George Osborne to lay down his vision for the UK, as well as demonstrate his political ambition.

For many, it held interesting surprises, not least of which were moves to balance the Treasury books by increasing taxes paid by the wealthiest and reforming payments to those most in need through the benefits system.

The most significant of the personal finance measures introduced included changes to the taxation of buy-to-let mortgages that will affect wealthier landlords and potentially slow the booming property market, alongside increased insurance tax that will mean home and motor premiums are more expensive.

But, there was far more in the detail as our summary describes.

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