George Osborne prepares Budget 2016 'for long term'

George Osborne will set out £4bn in extra spending cuts and announce investment in the UK's infrastructure when he presents his Budget to MPs.

The Budget will "choose the long term" the chancellor will say, warning that the "storm clouds are gathering again".

 

His eighth Budget will include £1.5bn to turn all state schools in England into academies and extend school hours.

Shadow chancellor John McDonnell said the Budget looked to be "a press stunt to hide George Osborne's failures".

Mr Osborne will deliver his Budget at 12:30 GMT, after Prime Minister's Questions, setting out the latest economic forecasts and the state of the public finances.

It comes as new figures show UK unemployment fell by 28,000 to 1.68 million between November and January. The rate of unemployment remained at 5.1%, maintaining a decade-low rate, the Office for National Statistics said.

Following the morning's pre-Budget meeting of cabinet ministers, Mr Osborne tweeted

National Assembly to pass 2016 Budget March 17

The Joint Committees of the Senate and House of Representatives on Appropriations on Wednesday assured Nigerians that the N6.08tn for this year budget would be passed on March 17, 2016.

 

Minister of Budget and National Planning, Senator Udo Udoma

The committees stated that the final report on the appropriation bill would be laid on the floor of both chambers of the National Assembly on March 16 for consideration and subsequent passage the following day.

Both panels had earlier said that the February 25 date for the passage of the budget was no longer realistic due to errors and padding.

President Buhari presents 2016 budget today

President Muhammadu Buhari presents the 2016 budget, appropriation Bill to the joint session of the National Assembly comprising the Senate and the House of Representatives today, there were strong indications, yesterday, that the lawmakers are ready to ensure speedy passage of the bill.

FG Unveiled and Proposes N6trn expansionist budget for 2016

President Buhari

ABUJA — THE Federal Government, yesterday, unveiled 2016 budget proposal of N6 trillion, allocating 30 per cent of the budget to capital expenditure.

was predicated on crude oil price of $65 per barrel and crude oil production of 2.28 million barrel per day.

The 2016 proposed budget is about N1.62 trillion or 27 per

Nigeria 2016 Budget will include new policies- Buhari

The 2016 National Budget will include fresh policies and measures to encourage the rapid diversification of the Nigerian economy away from its current over-dependence on the oil and gas sector, President Muhammadu Buhari disclosed Monday in Abuja.

 
He also assured that under his watch, Nigeria will not fall short of international standards in the protection of foreign investments and the repatriation of returns on such investments.