Budget 2016 - live
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Good morning and welcome to the Independent's live blog of the Budget 2016.Here are the timings for today:12.30-40 - Chancellor stands up
1.30 - Chancellor sits down
3/16/2016 8:18:16 AM -
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by Paul Brand via twitter 3/16/2016 8:45:12 AM
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by Paul Brand via twitter 3/16/2016 8:45:16 AM
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As ministers arrive at number 10, RBS is thinking about how many Budget surpluses a 40-year-old Briton has seen in their lifetime.The median Briton (40 years old) has seen 5 budget surpluses in their lifetime. #Budget2016 https://t.co/QI1IsTN7jp
8:17 AM - 16 Mar 2016- Reply
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3/16/2016 8:47:52 AM -
And a reminder about where the cuts have come from so farA reminder of where deficit reduction has come from so far - capital spending and public services. #Budget2016 https://t.co/UA4ThyWmvn
8:39 AM - 16 Mar 2016- Reply
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3/16/2016 8:49:19 AM -
Time for action on the high street scandal that makes the poor pay more for less independent.co.uk/money/the-high… report in today's @theipaperby simon read via twitter 3/16/2016 9:03:24 AM -
Big qs for #Budget2016 . When will new spending cuts fall? Will debt target be let go? Will OBR judge slowdown as cyclical or structural?by Ben Chu via twitter 3/16/2016 9:08:53 AM -
Chancellor apparently making major announcement about academies in #Budget2016 ? Why? Whitehall land grab? Desperation for "good news"?by Ben Chu via twitter 3/16/2016 9:13:10 AM
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Today is @George_Osborne 's eighth Budget. "On the eighth day machine just got upset..." youtube.com/watch?v=8ALdL8…by simon read via twitter 3/16/2016 9:20:47 AM
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Osborne is expected to return to his beloved weather metaphors today. There are various reports that he will say the following:
Our economy is strong, but the storm clouds are gathering again.
Our response to this new challenge is clear. A Budget where we act now so we don't pay later.
In this Budget we choose the long term. We choose to put the next generation first.
3/16/2016 9:23:54 AM -
Hard-pressed Londoners beg Osborne to give them a break in #Budget2016 with rent cap and income tax boost standard.co.uk/business/on-th…by simon read via twitter 3/16/2016 9:26:52 AM
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Osborne is expected to make a further £4 billion in cuts today. He said that's "not a huge amount, in the scheme of things".3/16/2016 9:27:45 AM
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Follow George Osborne's Budget announcement live independent.co.uk/news/business/…by simon read via twitter 3/16/2016 9:29:07 AM
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The ONS has just released its employment figures, which show that unemployment fells 171,000 between November and January 2016, compared to a year earlier.Between Nov-Jan 2015 & Nov-Jan 2016 employment increased by 478k; unemployment fell by 171k https://t.co/GuLmo0JwcL https://t.co/oXyGTBeux0
9:33 AM - 16 Mar 2016- Reply
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3/16/2016 9:36:26 AM -
Wages are also up 2.2 per cent on a year earlier. That's good news for Osborne ahead of the Budget.For Nov-Jan 2016 wages up 2.1% on a year earlier including bonuses, & 2.2% excluding bonuses https://t.co/lENN9CpuIs https://t.co/ynUQ1VNPLS
9:35 AM - 16 Mar 2016- Reply
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3/16/2016 9:37:08 AM -
Danielle Haralambous, an analyst at the Economist Intelligence Unit, has said that Osborne's promise of cutting the UK's public deficit by 2020 is looking shaky.
[Further austerity] could help the Chancellor stick to his
target of a budget surplus by the end of the forecast period, consistent with the new fiscal rule approved by parliament last October.
However, our view is that public and political pressure to ease the fiscal consolidation process will mount, making a tight fiscal stance difficult to maintain in the medium-term.3/16/2016 9:44:11 AM -
"I normally have files in here but I've got some in the room to put in later. Strap's optional..." #Budget2016 http://pbs.twimg.com/media/CdqSFDhWIAAhVcv.jpg
by Political Partridge via twitter retweeted by simonnread 3/16/2016 9:53:19 AM -
Today's Budget sets out long term solutions to long term problems. It's a Budget that puts the next generation first http://pbs.twimg.com/media/CdqSWq_W8AAzX_N.jpg
by George Osborne via twitter 3/16/2016 9:54:22 AM -
I'm excited to see what Twitter will find wrong with this photo, as is tradition twitter.com/George_Osborne…by Jon Stone via twitter 3/16/2016 9:57:05 AM -
Short thumb? Short thumb. twitter.com/George_Osborne… -
Real average pay still 6% below 2008 levels according to @ONS latest release: ons.gov.uk/employmentandl… http://pbs.twimg.com/media/CdqUSoBXEAAq85i.jpg
by Ben Chu via twitter 3/16/2016 10:00:08 AM -
What do the next generation want? Help with housing please, George twitter.com/George_Osborne…by simon read via twitter 3/16/2016 10:01:44 AM
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David Cheetham of CFD and FX broker XTB.com has said Osborne will need to "walk a tightrope" in his Budget ahead of the European referendum:
The Chancellor will attempt to walk a tightrope as he
simultaneously tries to deliver on his past promises to cut the deficit whilst also appeasing the public by not being too austere ahead of the EU referendum in just over three months.3/16/2016 10:15:18 AM -
Mr Punch's take on the Budget of 1848. See a pattern in our economic history? Antique prints from Frontispiece Ltd. http://pbs.twimg.com/media/CdqYIyMW0AAchI9.jpg
by FrontispieceLtd via twitter 3/16/2016 10:18:45 AM -
The Resolution Foundation has said that Osborne is approaching 1 in 2 odds of failing to meeting his target of a budget surplus by 2020.
3/16/2016 10:18:48 AM -
Ken Clarke MP told the BBC that Osborne has to "live in the real world" and control debt while stimulating the economy:"We need to look at what's happening in the real world" - Ken Clarke MP, Conservative Chancellor 93-97 #Budget2016 https://t.co/gROFUAurA29:33 AM - 16 Mar 2016
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3/16/2016 10:22:02 AM -
Seven charts that show the state of play ahead of the Budget
The IndependentGeorge Osborne will announce his eighth Budget on Wednesday March 16, after Prime Minister's Questions. The Chancellor is expected to make a further £4 billion in spending cuts to try and meet his fiscal promise of cutting the deficit, or the difference between tax receipts and Government spending, by 2020.3/16/2016 10:35:48 AM -
Today’s #Budget2016 is George Osborne's 8th as Chancellor. He’s failed on every measure he has ever set himself.
amp.twimg.com/v/a1d1b291-695…by John McDonnell MP via twitter 3/16/2016 10:41:24 AM -
Osborne has achieved almost nothing of what he promised in 2010
The IndependentGeorge Osborne will stand up to deliver his eighth Budget as Chancellor this week. Just three months ago the headlines were about the end of austerity, as Osborne boasted of steady, stable growth and a rosy outlook for the foreseeable future.3/16/2016 10:43:08 AM -
The best Osborne to soundtrack today's Budget madness? Ozzie? Not a chance. Here's Johnny... youtube.com/watch?v=2TP-_g…by simon read via twitter 3/16/2016 10:44:05 AM
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Russell Quirk from the online estate agent eMoov has called for an end to Help to Buy.
Only 3% of buyers actually benefit from the scheme. It doesn’t fix the problem of supply and, ironically, fuels further price growth.
We shall see today if George Osborne decides to face up to Britain’s housing crisis, or if he continues to bury his head in the sand of Help to Buy and stamp duty.
3/16/2016 10:47:32 AM -
Sisters Uncut, campaigners against domestic violence, have claimed responsibility for a series of wanted posters that have appeared around LondonWANTED: @George_Osborne. His crime? Destroying life-saving services for women #Budget2016 #giveusdollargeorge https://t.co/iJqlcjTALa
8:17 AM - 16 Mar 2016- Reply
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Must say we enjoyed the @SistersUncut #GeorgeOsborne #poster campaign in #Hackney this morning - #art #protest do it https://t.co/gzOJGX7oUu
Retweeted by SistersUncut9:41 AM - 16 Mar 2016- Reply
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1 of 5
3/16/2016 10:49:58 AM -
Timings for #budget2016 today:
12.00: PMQs (lame duck edition)
12.30: Osborne delivers Budget
~1.30: Corbyn replies
>7.00: MPs debate itby Jon Stone via twitter 3/16/2016 10:56:21 AM -
Today will be the ninth and last Budget I'll report on for @Independent - I can honestly say there are absolutely no highlightsby simon read via twitter 3/16/2016 11:00:18 AM
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Actually there was one Budget highlight: in 2009 I was freelance and charged by the word. Wrote 4,000 words that day.by simon read via twitter 3/16/2016 11:01:59 AM
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Times obviously variable depending on how long the Budget speech is: shortest ever was 45 minutes in 1867, longest was five hours in 1852by Jon Stone via twitter 3/16/2016 11:02:03 AM
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Brandwatch have released some data on what people are talking about ahead of the Budget.
3/16/2016 11:02:48 AM -
Both of those records for longest and shortest speeches are held by Benjamin Disraeliby Jon Stone via twitter 3/16/2016 11:03:47 AM
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The Trussell Trust, a food bank network, has expressed concerns that the most vulnerable in society will suffer in the Budget.David McAuley, Chief Executive of the Trussell Trust said:
Help for people on low pay is welcome but the Trussell Trust has real concerns that others are being left with even less on which to get by financially. To be compassionate the budget needs to work for everyone, not just those in employment, but the carer, the person with a lifelong disability, the young person facing insecure work and debt problems, or the single mum with three children to feed through the school holidays.
3/16/2016 11:06:19 AM -
Good question! twitter.com/chris_hill36/s…by simon read via twitter 3/16/2016 11:10:55 AM
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reminder that some Tory MPs have been lobbying George Osborne to cut the top rate of tax again: independent.co.uk/news/uk/politi…by Jon Stone via twitter 3/16/2016 11:20:45 AM
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George Osborne has left 11 Downing Street, brandishing his red briefcase, to make his way to the Commons for Prime Minister's Questions.
We'll be bringing you PMQs coverage live here until the Budget is presented immediately afterwards, at around 12.30pm.3/16/2016 11:26:15 AM -
Chancellor @George_Osborne is heading to parliament with the Budget... theguardian.com/uk-news/live/2… http://pbs.twimg.com/media/CdqnrKnWoAA3y4J.jpg
by Graeme Wearden via twitter 3/16/2016 11:26:31 AM -
by jrmaidment via twitter 3/16/2016 11:27:57 AM
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