Summer Budget 2015

Chancellor George Osborne has delivered the first Budget of the new Government.

The full budget can be found here.

Key announcements that related to Health and Welfare are:

  • The NHS will receive a further £8bn on top of the £2bn already pledged by 2020
  • The Children’s Air Ambulance will recieve a new helicopter
  • The state pension will be maintained via a triple lock
  • The funding for domestic abuse victims will be increased
  • The automatic entitlement to housing benefit for 18-21 year olds will be abolished
  • Employment and Support Allowance will be cut to the level of Jobseekers’ Allowance for those deemed fit to work
  • The income threshold in tax credits will be reduced, from £6,420 to £3,850
  • No extra tax credit, Universal Credit, or housing benefit support for a third child after 2017
  • Working age benefits will be frozen for the next four years with the exception of maternity pay, pip, disability pay and ESA
  • The Welfare Reform and Work Bill is due to be published on Thursday 9 July
  • A benefits cap will be introduced: Out of work families will be capped at 23k in London, and 20k for the rest of the country

Published on 8. July 2015 in News UK