Budget 2016 summary

On 16th March 2016, the Chancellor George Osborne stepped up to the despatch box to deliver his eighth Budget.

This was arguably one of the most challenging speeches he has had to deliver since he took charge of the Treasury almost six years ago, made in the shadow of economic uncertainty and an imminent referendum on Britain’s EU membership.

Addressing the Commons, he emphasised the importance of a long-term plan and said the Government had chosen “sound public finances to deliver security”. Although critics were quick to point out that Mr Osborne had missed his target for cutting the national debt.

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Budget Report 2016