The Finance Bill comes out of the Budget. Here are a few highlights. For more depth, please have a look at the BBC, here.
- A sugar tax on the soft drinks industry, with the money raised going towards primary school sport
- Capital Gains Tax will be cut from 28% to 20%
- New rail lines will be built, including Crossrail 2 and HS3
- New ‘lifetime’ Isa for the under-40s, with government adding £1 for every £4 saved
- Fuel duty to be frozen for sixth year in a row
- It originally proposed to, through the Education for All Bill, for all schools to be made academies by 2022. However this was dropped after opposition from Conservative backbenchers and the education sector.
To help the economy grow and to help businesses and consumers save money.
The Treasury is in charge of this one.
This is the Bill resulting from the Budget. There are many areas of conflict on this.
How to get involved
Speak to your MP.
If I don’t act, will it go through?
It will go through.