George Osborne has come under pressure to detail where the cuts to public spending are going to come should the Conservatives win the general election.

George Osborne

George Osborne

Mr Osborne delivered his final budget before the election, and while there was good news for savers and first time homebuyers, the Chancellor kept quiet on where the cuts were going to come.

A further £30 billion is set to be cut from government spending in 2016-18, but he would not say which services were going to face further reduction and strain on their budgets.

Speaking to BBC Breakfast, Mr Osborne said: "We've got to make sure work pays and our welfare reforms are delivering that, so there are a record number of people in work in our country today - that's something we can all be enormously proud of as a country, that we've worked hard and got to this point where we're on our way to full employment in Britain.

"Frankly, people have got a choice now, because there's a general election: we can go on working through the plan that's delivering this recovery, or the alternative is to borrow more, tax more, spend more, take our country back into economic chaos.

"Jobs would be lost, opportunities would disappear and Britain would be back where it started, and I don't think anyone wants to go back there."

However, while there will be more spending cuts until 2018, a Tory government then plan to increase spending by 2019-20.

While this was not a budget of big promises by Mr Osborne, there were some reasons for many people to be happy by what he proposed.

Income tax personal allowance is set to rise to £10,800 next year, and then up to £11,000 in 2017. The threshold for 40p income tax rate would also rise from £42, 285 this year, to £43,300 by 2017-18.

Mr Osborne also proposed a more flexible ISA, which would allow money to be moved in and out. While a Help To Buy ISA will be introduced to give first time buyers £50 for every £200 saved.

The Chancellor also revealed that there was to be a further crackdown on tax avoiders.

There was also something for motorists as the September fuel duty increase was axed.


by for www.femalefirst.co.uk
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