Osborne to unveil Summer Budget

Chancellor George Osborne
Chancellor George Osborne
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GEORGE OSbORNE will deliver a summer Budget as work begins on identifying the next round of Government spending cuts.

The Chancellor will use his July 8 Budget to set out how the Conservatives will use their slim parliamentary majority to push through promises made in the party’s election manifesto.

The Treasury has said the Budget, coming just four months after the Chancellor last set out spending plans, will have a debt focus.

It will reveal the Government’s plan to deliver the savings set out in the election campaign and “get Britain paying down its debts in a fair and balanced way”, the Treasury said.

Officials say this will include protecting the NHS while making savings in Whitehall, cracking down on tax avoidance and reforming welfare so that we protect the most vulnerable while making sure the system is fair.

Plans to build on the Northern Powerhouse project are expected to feature in the Budget, as is a promise to increase by three million the number of apprenticeships in the UK.

Announcing the move, Mr Osborne said: “On the 8th of July I am going to take the unusual step of having a second Budget of the year, because I don’t want to wait to turn the promises we made in the election into a reality, and I can tell you it will be a Budget for working people.”

Throughout the election campaign the Conservatives came under repeated pressure to set out where £30bn worth of cuts would fall, with £12bn of those earmarked for as yet unidentified welfare cuts.

With a majority of just 12 the Conservatives face a difficult task ushering their plans through the Commons.