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  March 2015 Budget
  
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  @ MP voted aye to approve the March 2015 budget which raised the personal income tax allowance, introduced a help to buy ISA, reduced corporation tax and increased spending on mental health by around Â£300m/year.
  @ MP voted no against the the March 2015 budget which raised the personal income tax allowance, introduced a help to buy ISA, reduced corporation tax and increased spending on mental health by around Â£300m/year.
  
  The budget approved by the majority of MPs in this vote set out plans for spending Â£743 billion in 2014-15, with forecast revenue of Â£667bn (a deficit of Â£76bn). 
  
  Key points from the budget[1]:
  
  * An increase in the personal income tax allowance to Â£10,600 as announced in the 2014 Autumn statement and then 10,800 in 2016-17 and Â£11,000 in 2017-18 (announced in the March 2015 Budget). 
  * An increase in the threshold for starting to pay higher rate income tax to Â£42,700
  * Main rate of Corporation Tax reduced to 20% and legislation to set it to remain at that level for the financial year starting in April 2016.
  * The introduction of a Help to Buy ISA. For every Â£200 a first time buyer 
  saves, the government will provide a Â£50 bonus up to a maximum bonus of Â£3,000 on Â£12,000 of savings. There are further detailed rules. In the year 2019-20 this is expected to cost Â£835m.
  * Cancellation of the fuel duty increase nominally planned for September 2015.
  * An increase in spending of around Â£300m/year on mental health.
  * The creation of a Personal Savings Allowance exempting the first Â£1,000 of savings income from any tax for basic rate taxpayers and the first Â£500 for higher rate taxpayers.
  
  The text of the motion approved in this vote was:
  
  :That,â
  :(1) It is expedient to amend the law with respect to the National Debt and the public revenue and to make further provision in connection with finance.
  :(2) This Resolution does not extend to the making of any amendment with respect to value added tax so as to provideâ
  :(a) for zero-rating or exempting a supply, acquisition or importation;
  :(b) for refunding an amount of tax;
  :(c) for any relief, other than a relief that:
  :(i) so far as it is applicable to goods, applies to goods of every description, and
  :(ii) so far as it is applicable to services, applies to services of every description.
  
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  * [1] [https://www.gov.uk/government/publications/budget-2015-documents Budget 2015: documents]
  
  
  
  
  
  
  
  
  
  
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  (put thoughts and notes for other researchers here)
  