Summer Budget: Mixed reactions from industry to 'radical' budget

Mixed reactions to 'radical' plans

The investment industry has given a mixed reaction to the first Conservative Budget for almost 20 years after Chancellor George Osborne unveiled a raft of new measures.

Announcing a raft of changes including scrapping non-dom status, raising the inheritance tax threshold, a new green paper on plans to make pensions more like ISAs, plus an 8% surcharge on bank profits, George Osborne unveiled just under half of the £37bn in cuts that are needed to clear the UK's deficit by 2018. Among the announcements was the introduction of a new "living wage" for Britain. The changes were predominantly welcomed by the investment industry, although concerns remain around the challenges facing economic growth and UK plc - amid announcement that plans to return to a b...