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 cuts revealed in their full extent.
This Report, which was written immediately after Alistair Darling's first Budget as Chancellor of the Exchequer, is intended to provide an overview of the announcements most likely to affect you or your business.
The coalition government has taken the new and welcome step of publishing draft clauses for the 2011 Finance Act.
The coalition government has taken the new and welcome step of publishing draft clauses for the 2011 Finance Act.
