Key points made by Osborne included:
• Tackling tax evasion and avoidance to create annual savings of £5bn
• Abolishing permanent non-dom tax status
• Further building the Northern Powerhouse
• Restricting mortgage interest relief on residential property to the basic rate of income tax to create a more level playing-field between those buying a home to let and those buying to live in
• Adding a further £175,000 allowance to inheritance tax from 2017 and those who wish to downsize will not lose any of the allowance from the property they used to own
More stories to follow shortly.
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