The Budget: 5 things Scots need to know from Jeremy Hunt's statement

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The Budget: 5 things Scots need to know from Jeremy Hunt's statement
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Hunt announced measures which will benefit the wealthy while also targetting some of the poorest people in society.

The Tory Chancellor has put a focus on prompting those who have left their jobs to return to the workforce and boosting business investment.

Pensions Hunt announced that he is scrapping the lifetime allowance. All savings above £1.07 million in a pension pot had previously been taxed.The Chancellor also announced that there would be a review over whether the rise in state pension age should be brought forward.He said that it was part of his plan to get more people back into work.

Cigarettes and alcohol There was good news for beer drinkers as Hunt cut the duty allowance on draught-drinks. But Hunt was accused of hammering the Scotch whisky industry by slapping a 10 per cent increase on duty on spirits.Benefits Hunt announced a clampdown on benefits claimants.

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