A newly elected Government: what will it mean to me?
The hype of the General Election is over, the Prime Minister has selected his new cabinet and the Government is settling back down at Number 10.
With the Conservative party winning a majority and George Osborne returning to his position as Chancellor of the Exchequer, the UK now faces another five years of Tory-led plans. The Government has now announced a new Budget will be delivered on 8 July. So, what might be in store…
The Conservative manifesto, published three weeks before the General Election, called for a reduction in borrowing of 5.2 per cent of the national income over the next five years, giving a surplus by 2018-19 and a reduction in the debt-to-GDP ratio from 80 to 72 per cent by the end of the parliament.