George Osborne takes long term view with eighth budget

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George's den - No11 Downing Street
George’s den – No11 Downing Street

George Osborne will unveil his eighth budget today, nearly one year into the first fully Conservative administration since 1997.

In an attempt to make sure that the roof is completely fixed as economic dark clouds gather on the horizon, Osborne will lay out a budget that will  “choose the long term” over short term gains.

The 2016 Budget will include the launch of  ‘Help to Save’ a scheme which will give low-paid workers a top-up if they put savings aside.

The Budget may also include the first increase in fuel duty in five years, thanks to tanking oil prices.

It was expected that the Chancellor was going to curb pension tax relief, but Osborne has since backtracked on making significant pensions reform in this budget.

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