Budget 2015 as it happened: Osborne scraps maintenance grants for poorest students and caps public sector pay rises to 1 per cent
Other measures include offloading the cost of the licence fee, relaxing sunday trading laws, and making welfare cuts
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Here are the latest updates:
● OBR says new Living Wage will cost 60,000 jobs
● Chart that shows Living Wage is political spin
● The most radical Budget in years
● Maintenance grants for students to be scrapped
● Working age benefits frozen for 4 years
● Higher rate tax threshold raise to £43,000
● Corporation tax cut cut to 18% in 2020
● Osborne family '£6m tax have property deal'
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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 Daily Telegraph says the threshold rise will save higher earners as much as £1,300 a year.
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