March 19th, 2015
Episode 216 of 1419 episodes
Will George Osborne’s last budget of this Parliament do enough to persuade voters to back the Conservatives at the general election? The Chancellor declared that it takes Britain "one more big step on the road from austerity to prosperity". At the heart of the statement is what Mr Osborne called a "savings revolution" - including the creation of a new tax-free savings account for first-time home buyers and an announcement that most savers would no longer pay tax on interest on their deposits. The Chancellor told MPs that the squeeze on public spending would end a year earlier than planned - in 2019, and that growth forecasts had been revised upwards. But for all the ‘feel good’ rhetoric of yesterday’s statement, which was devoid of big election giveaways, do people feel optimistic about their own prospects? George Osborne is Chancellor of the Exchequer.