Complex sentence: On 16 May, Osborne announced that he would hold a second Budget on 8 July and promised action on tax avoidance by the rich, increased funding for the NHS, more apprenticeships, efforts to increase productivity and cuts to the welfare budget.
Split into simpler sentences: On 16 May, Osborne announced that he would hold a second Budget on 8 July. He promised action on tax avoidance by the rich, increased funding for the NHS, more apprenticeships, efforts to increase productivity and cuts to the welfare budget.