Last year the spending cuts and the tax rises; this year renewal and recovery. That had long been the message offered by the Government in the approach to its second Budget, and the Chancellor, George Osborne was quick to assert the positive outlook of his statement.
The new Government’s emergency Budget was presented to Parliament on 22 June 2010. The Chancellor focussed on spending cuts and increases in VAT and reductions in corporation tax rates.
The announcements made by Alistair Darling on 24 March 2010 are now included on our site. With the new tax year around the corner we are now working on updating all of the guides on our site. We expect this work to be complete by the start of the new tax year.
In its autumn report on the state of the economy, the Office for Budgetary Responsibility (OBR) said that the UK had experienced stronger growth in 2010 than had been anticipated at the time of the June Budget.
The cuts revealed in their full extent.
The Chancellor, Alistair Darling presents his Pre Budget Report in December . While this is intended to herald forthcoming Budget announcements the occasion has previously been used to introduce key changes.
This Report, which was written immediately after Alistair Darling's Budget, is intended to provide an overview of the announcements most likely to affect you or your business.
