22 June 2010

Chancellor of the Exchequer George Osborne delivered his first Budget less than three months after the final Budget of the last parliament. The Conservative Party had promised an ‘emergency’ Budget during the election campaign, with a view that quicker action was needed to bring down the UK’s record budget deficit. While the recession officially ended in the last quarter of 2009, recovery has been sluggish and Mr Osborne, together with his coalition partners from the Liberal Democrats, has had to balance the need to raise taxes and cut spending with the dangers of provoking a ‘double dip’ recession.

Summary of key proposals
Summary of key proposals announced.

Setting the scene

VAT and duty
Details of changes to VAT and duty.

Income tax
Details of changes to income tax.

National Insurance
Details of changes to National Insurance.

Business and enterprise
Details of changes to business and enterprise.

Housing and mortgages
Details of changes to housing and mortgages.

Benefits and working families
Details of changes to benefits and working families.

Pensions and retirement
Details of changes to pensions and retirement.

Company cars
Details of changes to company cars.

The environment
Details of changes to the environment.

Official documents from George Osborne's 2010 Budget