The Chancellor of the Exchequer gave his summer Budget to Parliament on Wednesday 8 July 2015.
Measures announced include:
- a new national living wage for workers aged over 25
- a reduction in the income threshold for tax credits
- restrictions on tax credits and universal credit based on family size
- a freeze on working-age benefits
- no automatic housing benefit for 18-21 year olds
- a rise in the personal allowance at which people start paying tax
- a restriction in public sector pay increases to 1% over the next four years
- an increase in the inheritance tax threshold
Below are some first responses from EDF members on the impact of the budget for different individuals and group:
- Response by Disability Rights UK
- Fawcett Society response
- Blog reactions from the TUC’s Touchstone
- Press release by the Women’s Budget Group
Other responses and resources:
- Analysis by the Institute for Fiscal Studies (IFS)
- Response by the Joseph Rowntree Foundation
- NCVO response on the implications for the voluntary sector
- SCVO policy briefing
- Comment by ACEVO CEO Sir Stephen Bubb
- Blog by Nick Pearce, Director of IPPR
- Press release by the Resolution Foundation
- Policy Exchange analysis of the budget
- BBBC budget 2015 key points