2008_United_Kingdom_budget

2008 United Kingdom budget

2008 United Kingdom budget

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The 2008 United Kingdom Budget, officially known as Budget 2008: Stability and opportunity: building a strong, sustainable future, was formally delivered by Alistair Darling in the House of Commons on 12 March 2008. It was the first Budget to be delivered by Darling, who had been appointed Chancellor of the Exchequer the previous June.

Quick Facts Presented, Parliament ...

Among the changes from the previous year were that taxes on alcohol, cigarettes and high-polluting cars would be increased.[2] Child Benefit would be raised to £20 a week from April 2009; winter fuel payments for pensioners would also be increased.[2] All long-term recipients of Incapacity Benefit would have to attend work capacity programmes from April 2010.[2]

The growth of the national economy was expected to slow down to approximately 2% in 2008, down from 3% in the previous year.[2]

Details

Taxes

  Income Tax (28%)
  National Insurance (18%)
  Value Added Tax (VAT) (15%)
  Corporate Tax (9%)
  Excise duties (7%)
  Council Tax (4%)
  Business rates (4%)
  Other (15%)
More information Receipts ...

Spending

More information Department ...

Notes

  1. "Budget 2008: Stability and opportunity: building a strong, sustainable future" (PDF). HM Treasury. Archived from the original (PDF) on 2012-07-04. Retrieved 2012-02-28.
  2. "At-a-glance: Budget key points". BBC. 12 March 2008. Retrieved 2012-02-28.

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