What we've learned from previous Budget's is that Twitter is undoubtedly the place to go when you want information to be condensed, and are looking for the not-so-neutral version of public reaction. We rounded up the days announcements and comments – social media style.
Chancellor George Osborne spoke of “aggressive tax planning” during the Summer Budget and slammed businesses and individuals engaged in tax avoidance, adding that they have “nowhere to hide” as the government seeks to find £5bn a year.
With chancellor George Osborne at the speaker’s box for around 75 minutes, Real Business has condensed his near 10,000-word speech into 500 words for your reading convenience.
After a Budget which provide those in the business world with slightly more than they were probably expecting, Real Business pulled together some of the more interesting comments from entrepreneurs and senior leaders.
Chancellor George Osborne has promised to put the “power into the Northern Powerhouse”, by devolving further powers to Manchester and investing in transport.
Changes have been announced to the national living wage as part of the Summer Budget. The chancellor said it was set to reach £9 an hour by 2020 and will be compulsory.
With the summer Budget now unveiled, Scottish comedian Frankie Boyle took the time to liken chancellor George Osborne to a Game of Thrones Lannister, and suggested that humanity will be lacking in his speech.
British business leaders were under the impression that the Annual Investment Allowance (AIA) would sit at just £25,000 in 2016, but George Osborne revealed during the Summer Budget 2015 it will actually be boosted to a permanent level of £200,000.
One of the celebrated announcements for British businesses in George Osborne's speech was the cut in corporation tax. It is to be cut to 19 per cent in 2017, followed by a follow-up reduction to 18 per cent by 2020.
The government’s latest initiative in the apprenticeships space will see the creation of an apprenticeship levy, in an effort to reward those training young staff and tackle others which use funding but do not provide an adequate system.
In his seventh Budget speech since becoming chancellor, and first made by a majority Conservative government since November 1996, George Osborne set out what the UK electorate can expect from the next five years of rule.
While a full plan addressing the issue of productivity will be released on 10 July, where the focus would be on roads, skills and regional investment, one of the first changes announced was the introduction of a Roads Fund.