Budget 2016: four things the Chancellor needs to tackle in the Budget - Love Money

Rumours abound of the Chancellor’s plans for the 2016 Budget.

At first we heard that tax relief on pension contributions might be limited to a single rate, then that the entire framework would be switched to an ISA-style system. Now, we hear that the 40p Income Tax threshold may head towards £50,000 and fuel tax will be bumped up to boost the Treasury’s coffers.

The relative merits of the rumoured plans aside, to me there are a few key areas that seem in most need of attention.

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Budget 2016: four things the Chancellor needs to tackle in the Budget - Love Money
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