[section section_id=”” auto_generated=”1″ _made_with_builder=”true”][row][column width=”1_1″ extraclasses=”” _made_with_builder=”true”][text_block text=”Wednesday 16th March marks the date where Chancellor of the Exchequer George Osborne will deliver his Budget to Parliament.Mr Osborne has suggested that public finances require an additional £4 billion of savings, with expected cuts set at an additional 50p for every £100 of public spending.Below are some of the anticipated announcements for Wednesday's budget:<ul><li>Reforming personal independence payments (PIP) for people with disabilities, saving up to £1.2 billion</li><li>A significant increase in insurance premium tax, likely to affect homeowners, tourists and motorists</li><li>Raising the amount at which people enter the 40p tax rate</li><li>Raising the personal allowance rate at which people start paying tax by £300, closer to the target of £12,500 by 2020</li><li>Providing incentives to develop new garden suburbs and market towns</li><li>Introducing tax allowances for people who rent their home our or sell goods online, up to £2,000</li><li>A new 'help to save' scheme, offering up to £1,200 in top up savings for savers</li><li>A rise in the minimum wage for 21 to 24 year olds to £6.96 per hour</li><li>A modification to the proposed 'pay to stay' policy for social housing tenants, introducing rent increases on a sliding scale for household incomes up to £50,000</li></ul>For a digest of the budget you can <a href="http://www.francisclark.co.uk/news-views/events/torquay-budget-briefing-2016/" target="_blank">book online now</a> to attend Francis Clark's free evening event on 16th March at Living Coasts in Torquay.The Budget will also be covered by all major national news sites, including BBC News, so there'll be plenty of opportunities to catch up with the announcements throughout the day.” _made_with_builder=”true”][/text_block][/column][/row][/section]