Osborne's July Budget puts tax and pensions centre stage

Chancellor George Osborne is set to take the unusual step of delivering two Budgets in the same year, after announcing plans to keep the promises the Conservatives made ahead of the general election.

His second Budget on 8 July will outline policies to tackle tax avoidance and aggressive tax planning by the rich, as well as detail plans on welfare spending, Osborne announced in a letter in The Sun. Osborne said his new Budget would be written with "working people" in mind and aim to "entrench stability and security". The big announcement in the March Budget related to the cut in the pensions lifetime allowance - from £1.25m to £1m, a move which concerned many advisers and other stakeholders, including new pensions minister Ros Altmann. Among the Conservative promises in the par...