Susan Murray on the latest Conservative Budget Chaos

Susan Murray, the parliamentary candidate for Mid Dunbartonshire, has given her take on the UK Budget that has been set out by the Conservative Government this week.

The major announcements in the budget are as follows:

• National insurance has been cut by 2p (10% to 8%).
• The earnings threshold for higher income child benefit charge raised to £60,000 from £50,000.
• The windfall tax on the profits of oil and gas companies has been extended until 2029.
• Capital gains tax has been reduced for the higher rate of property from 28% to 24%.
• The non dom tax, which is claimed by wealthy foreign residents in the UK, has been abolished but new arrivals will still not pay tax on foreign income and gains for their first four years of UK residency.
• Alcohol duty has been frozen.
• The 5p cut in fuel duty has been extended.
• A new British ISA has been announced to encourage people to invest more in UK assets.
• There will also be new taxes on vapes.

BBC SUMMARY