Release Date: March 2015
The focus of the pre-election 2015 Budget has been on individuals and businesses right across the UK, yet the Chancellor has taken the opportunity to further solidify his vision for the ‘Northern Powerhouse’.
Greater Manchester, in particular, stands to benefit from a change to business rate retention from April, further solidifying the Chancellor’s commitment to ‘Devo Manc’. The budget sets out enhanced support for first time buyers, savers, UKTI’s China Initiatives, the Creative and Digital Sector, young people and apprentices and for mental health services.
This briefing digests the key points of the Budget and provides analyses of what they mean for Greater Manchester.