2012 United Kingdom budget
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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.[1]
Quick Facts Budget 2012, Presented ...
Budget 2012 | |
---|---|
Presented | Wednesday 21 March 2012 |
Parliament | 55th |
Party | Coalition government |
Chancellor | George Osborne |
Total revenue | £592 billion (38.5% of 2011 GDP) |
Total expenditures | £682 billion (45% of 2011 GDP) |
Deficit | £90 billion (6% of 2011 GDP) |
Website | 2012 Budget |
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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.