Search

Chancellor George Osborne unveils the government’s Budget for 2016

14:30 16 March 2016

Chancellor of the Exchequer George Osborne holding his red Ministerial box outside 11 Downing Street, London, before heading to the House of Commons to deliver his Budget. PRESS ASSOCIATION Photo. Picture date: Wednesday March 16, 2016. See PA story BUDGET Main. Photo credit should read: Hannah McKay/PA Wire

Chancellor of the Exchequer George Osborne holding his red Ministerial box outside 11 Downing Street, London, before heading to the House of Commons to deliver his Budget. PRESS ASSOCIATION Photo. Picture date: Wednesday March 16, 2016. See PA story BUDGET Main. Photo credit should read: Hannah McKay/PA Wire

All English schools will be in the process of becoming academies by 2020, George Osborne announced in his budget “for the next generation”.

The Chancellor announced a whole range of measurer in Parliament this afternoon, including the introduction of a sugar levy on soft drinks to try and fight childhood obesity.

The Tory MP claimed the £530million raised by the levy would be used to double the spending on sports in primary school to help make “a Britain fit for the future”.

Meanwhile academy conversions will be forced on all state secondary and primary schools – “freeing them from local bureaucracy” – with the government taking on radical new powers for those not playing ball.

A new £27billion rail upgrade was announced for the capital with Crossrail 2, a north to south link, getting the green light.

The Greater London Authority (GLA) will work towards full retention of the capital’s business rates by next April although the new threshold for business rate relief will rise from £6,000 to a maximum of £15,000.

There was also good news for drivers with the announcement that fuel duty remains frozen for a sixth consecutive year, although duties on tobacco will rise by 2pc.

Duties on beer, cider and whisky also remain frozen but tax on all other alcohol types will rise in line with inflation.

The personal allowance threshold on income tax will rise to £11,500 from April next year while anyone under 40 will be able to open a lifetime ISA, meaning the government will give savers £1 for every £4 put away.

The Labour Party’s leader, Jeremy Corbyn, called the Chancellor’s budget “the culmination of six years of his failures”, and questioned the tax and business rates cuts at a time when welfare reform is slashing support for disabled people.

What did you think of the Budget?

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Romford Recorder visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Romford Recorder staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Romford Recorder account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Latest Romford News Stories

Yesterday, 16:30
Motorists on the A13 between Wennington and Rainham

Reckless drivers are endangering the lives of Havering residents by reaching speeds of up to 124mph, the fastest clocked in London last year.

Yesterday, 15:54
Lawrence Webb  ( Ukip )

A Havering councillor is standing as deputy of one of the candidates in Ukip’s leadership election.

Yesterday, 15:13
Luke Hudson (centre) with his mum and dad on his 21st birthday.

The son of a taxi driver who tragically died at the wheel of his cab has paid tribute to the “best dad anyone could have asked for”.

Yesterday, 12:16
Seven men have been arrested by HM Revenue and Customs (HMRC) and four tonnes of toxic waste removed after two fuel laundering plants were discovered in Essex on Wednesday Picture: HMRC

Seven men, including one in Hornchurch, have been arrested and four tonnes of toxic waste removed after two fuel laundering plants were discovered in Essex on Wednesday.

Yesterday, 07:00
Parents at Parsonage Farm Primary School fought off expansion in 2015

Councillors have criticised the borough’s plans to expand schools, claiming that school kitchens are already failing to provide hot meals for pupils.

Thu, 16:29
Police at the scene last night (credit: donatassimkus.com)

Three men have been arrested on suspicion of attempted murder after a shooting in Gidea Park last night.

Thu, 15:26
British Transport Police

A man has been identified and will be interviewed by police after a disabled commuter was pushed and slapped on a train.

Thu, 12:02
Jim Reynolds pictured with Stalkers Lily

Romford Greyhound Stadium has terminated its contract with a high-profile trainer after accusing him of “bringing the integrity of the sport into question”.

Newsletter Sign Up

Most read news

HOT JOBS

Show Job Lists

News from your area

WW100

Click on the banner above for full coverage of the centenary commemorations of the outbreak of the First World War.

Competitions

Which book character do you share cleaning habits with?

Whether you have more in common with put-upon Cinderella, emotionally turbulent Jane Eyre, or easily distracted Mole, you’re sure to appreciate that one lucky winner will receive four sessions of free cleaning. Enter our quiz for your chance to win. All runners up will get £10 off their first clean when making a repeat booking.

£15k prize bundle

Imagine having the opportunity to win an incredible £15,000 bundle of some of the most amazing prizes available. Well, for one lucky contest entrant that dream could soon become a reality because we at MyOffers are offering an incredible free prize bundle that will make even the most hardened person wild with excitement.

Digital Edition

cover

Enjoy the
Romford Recorder
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now