As you probably already seen on the news, our current Chancellor George Osborne delivered our budget to parliament on 18th March 2015. However, in what may come as a surprise, a lot of people are unaware what the budget actually is. Simply put, the budget is a plan on how the government will spend the country’s money for the next 12 months. This is an annual process and is always conducted by the Chancellor of the Exchequer. The government will decide how much they are going to spend, and on what services they are going to spend it on: housing, schools, and hospitals, defense etc.
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