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Budget Of The United Kingdom
The Budget of His Majesty's Government is an annual budget set by HM Treasury for the following financial year, with the revenues to be gathered by HM Revenue and Customs and the expenditures of the public sector, in compliance with government policy. The budget statement is one of two statements made by the Chancellor of the Exchequer in the House of Commons, with the Spring Statement being made the following year. Budgets are usually set once every year and are announced in the House of Commons by the Chancellor of the Exchequer. Since autumn 2017 the United Kingdom budget typically takes place in the Autumn in order to allow major tax changes to occur annually, well before the start of the fiscal year. The most recent budget was presented by Rishi Sunak on 27 October 2021. Sunak’s successor, Kwasi Kwarteng, delivered a fiscal event in September 2022. His successor Jeremy Hunt delivered another fiscal event in November 2022. Although not an official budget statement, they ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budget
A budget is a calculation play, usually but not always financial, for a defined period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, liabilities and cash flows. Companies, governments, families, and other organizations use budgets to express strategic plans of activities in measurable terms. A budget expresses intended expenditures along with proposals for how to meet them with resources. A budget may express a surplus, providing resources for use at a future time, or a deficit in which expenditures exceed income or other resources. Government The budget of a government is a summary or plan of the anticipated resources (often but not always from taxes) and expenditures of that government. There are three types of government budget: the operating or current budget, the capital or investment budget, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament
In modern politics, and history, a parliament is a legislative body of government. Generally, a modern parliament has three functions: Representation (politics), representing the Election#Suffrage, electorate, making laws, and overseeing the government via hearings and inquiries. The term is similar to the idea of a senate, synod or congress and is commonly used in countries that are current or former monarchies. Some contexts restrict the use of the word ''parliament'' to parliamentary systems, although it is also used to describe the legislature in some presidential systems (e.g., the Parliament of Ghana), even where it is not in the Legal name, official name. Historically, parliaments included various kinds of deliberative, consultative, and judicial assemblies, an example being the French medieval and early modern parlements. Etymology The English term is derived from Anglo-Norman language, Anglo-Norman and dates to the 14th century, coming from the 11th century Old ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2012 United Kingdom Budget
The 2012 United Kingdom budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday 21 March 2012. It was the third budget of the Conservative-Liberal Democrat coalition government that was formed in 2010, and also the third to be delivered by Osborne. Its key points included a rise in the personal tax allowance, a cut in the top rate of income tax and in the rate of corporation tax, and a new level of stamp duty on high-value properties. Key measures Taxes Osborne announced that from April 2013, the annual personal income tax allowance will be raised from £8,105 to £9,205. It was estimated this would make 24 million people better-off by up to £220 per year. The 40% tax band will become applicable for incomes over £41,450 per year (a reduction of £1,025 from £42,475) and the top tax band for high-earners will be reduced to 45% from 50%; Osborne said the 50% rate introduced by the previous Labour government was "damag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2013 United Kingdom Budget
The 2013 United Kingdom budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday 20 March 2013. It was the fourth budget of the Conservative-Liberal Democrat coalition government that was formed after the 2010 general election, and also the fourth to be delivered by Osborne. Its key points included an increase in the personal allowance, a reduction of the rate of corporation tax, a freeze of the rate of fuel duty, and the cancellation of the duty escalator on beer. Key measures Taxes and revenue The personal allowance each UK employee is entitled to earn before income tax is levied was increased for the third consecutive budget, to £10,000, from 2014. The increase had been planned to become effective in 2015 but was brought forward one year. Before the 2012 budget, the rate of corporation tax in the UK was 26%. In his 2013 budget, Osborne announced another reduction in the rate in 2015 to 20%. The reductions would be o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2014 United Kingdom Budget
The 2014 United Kingdom budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday, 19 March 2014. It was the fifth budget of the Conservative–Liberal Democrat coalition government formed after the 2010 general election, and also the fifth to be delivered by Osborne. Taxes Spending References External links2014 United Kingdom budgetat Gov.uk {{United Kingdom budget United Kingdom Budget 2014 United Kingdom budget The Budget of His Majesty's Government is an annual budget set by HM Treasury for the following financial year, with the revenues to be gathered by HM Revenue and Customs and the expenditures of the public sector, in compliance with government p ... George Osborne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
March 2015 United Kingdom Budget The 2015 United Kingdom budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday, 18 March 2015. It was the sixth and final budget of the Conservative–Liberal Democrat coalition government formed after the 2010 general election, and also the sixth to be delivered by Osborne. After the UK general election a second 2015 budget to be presented by |
