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Budget 2015 live: 40 per cent tax threshold set to be cut for higher earners Budget 2015 live: The first Tory Budget for 19 years… so whose pockets is George Osborne about to pick - and whose is he about to line?
(35 minutes later)
Here are the latest updates:Here are the latest updates:
● Whose pockets will George Osborne pick?● Which benefits will be cut? Here's a chart● 40 per cent tax threshold to go up● Pace of welfare cuts set to slow● Poorer students to lose uni grants● Osborne family '£6m tax have property deal'● Tax credit cuts to affect 7 million children● Whose pockets will George Osborne pick?● Which benefits will be cut? Here's a chart● 40 per cent tax threshold to go up● Pace of welfare cuts set to slow● Poorer students to lose uni grants● Osborne family '£6m tax have property deal'● Tax credit cuts to affect 7 million children
  
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The Conservative manifesto pledged to cut the tax by raising the threshold. It is currently paid by those on incomes of over £42,385.The Conservative manifesto pledged to cut the tax by raising the threshold. It is currently paid by those on incomes of over £42,385.
The Daily Telegraph says the threshold rise will save higher earners as much as £1,300 a year.The Daily Telegraph says the threshold rise will save higher earners as much as £1,300 a year.