-
politics · BBC
“It was at the centre of a political row last year when the then shadow chancellor George Osborne said he was being denied access to information on the database needed to plan future cuts in governmen…”
-
finance · BBC
“Mr Osborne said the government planned to cut the structural budget deficit to zero in the next six years.”
-
politics · BBC
“"It was as if he had been put on earth to do the job that was asked of him," he said. "I spoke to David several times over the last 24 hours and I have a huge admiration for the way he has conducted …”
24 hours
-
finance · BBC
“Rate will rise from 17.5% to 20% from January 4, 2011.”
20 %
-
finance · BBC
“To be increased by £1,000 in April to £7,475 - worth £170 a year to basic rate taxpayers. It is expected that 880,000 of the lowest-paid will be taken out of income tax altogether.”
1000 £
7475 £
170 £
-
finance · BBC
“Could be frozen for one year from April 2011 in England, but extra funds will only be offered to councils which keep their own costs down. Worth about £35 per household.”
1 year
about 35 £
-
finance · BBC
“To rise from 18% to 28% from midnight for higher rate taxpayers. The "entrepreneurs relief" rate of 10% on the first £2m of gains will be extended to the first £5m.”
28 %
5 m
-
finance · BBC
“The balance of spending cuts to tax rises would be 77% to 23%.”
77 %
23 %
-
finance · BBC
“Labour's plan to increase the duty on cider by 10% above inflation will be scrapped from July.”
10 %
-
finance · BBC
“Child benefit: Frozen for the next three years.”
3 years
-
finance · BBC
“Tax credits: Reduced for families earning over £40,000 next year. But low income families will get more Child Tax Credit - the amount per child will rise by £150 above the rate of inflation next year…”
40000 £
150 £
2 bn
-
finance · BBC
“Housing benefit: New maximum limit of £400 a week for properties with more than three bedrooms, £250 a week for a one-bedroom flat, £290 for a two-bedroom property and £340 for a three-bed property, …”
400 £
250 £
290 £
-
finance · BBC
“Unemployed people will see their Housing Benefit cut by 10%, after 12 months of claiming Jobseekers Allowance from April 2013.”
10 %
-
finance · BBC
“but, from April 2011, disabled claimants who do not have a resident carer will be able to claim for an extra bedroom.”
1 bedroom
-
finance · BBC
“Health in pregnancy grant to be abolished from April 2011, the Sure Start maternity grant will be restricted to the first child.”
0 grant
-
finance · BBC
“Excluding the state pension and pension credit, from 2011 benefits, tax credits and public service pensions will rise in line with the Consumer Price Index, rather than the, generally higher, Retail …”
more than 6 bn
-
finance · BBC
“The welfare shake-up will save £11bn by 2014/15.”
11 bn
-
finance · BBC
“Public sector workers face a two-year pay freeze if they earn over £21,000. Those earning less £21,000 will get a flat pay-rise worth £250 in both years.”
0 %
250 £
-
finance · BBC
“The basic state pension will be linked to earnings from April 2011, with the pension guaranteed to rise in line with earnings, prices or 2.5%, whichever is the greater.”
2.5 %
-
finance · BBC
“The government will accelerate the increase in state pension age to 66 - a "call for evidence" will be made later this week.”
66 years
-
finance · BBC
“From April 2011, the threshold at which employers start to pay National Insurance will rise by the rate of inflation plus £21 per week.”
21 £
-
finance · BBC
“Corporation Tax will be cut next year to 27%, and by 1% annually for the next three years, until it reaches 24%.”
27 %
24 %
-
finance · BBC
“The small companies' tax rate will be cut to 20%.”
20 %
-
finance · BBC
“A bank levy will be introduced, which will apply to the balance sheets of UK banks and building societies and the UK operations of foreign banks from January 2011. But smaller banks will not have to …”
more than 2 bn
-
finance · BBC
“People setting up new businesses outside London, the South East and the east of England will be exempt from £5,000 of National Insurance payments for the first 10 workers.”
5000 £
-
finance · BBC
“Growth forecast revised down from 2.6% to 2.3% in 2011.”
2.3 %
-
finance · BBC
“The economy is predicted to grow by 1.2 % this year, 2.3% next year, 2.8% in 2012, 2.9% in 2013 and 2.7% in both 2014 and in 2015.”
1.2 %
2.3 %
2.8 %
-
finance · BBC
“Unemployment is forecast to peak this year at 8.1% and then fall for each of the next four years, to reach 6.1% in 2015.”
8.1 %
6.1 %
-
finance · BBC
“Consumer price inflation is expected to reach 2.7% by the end of 2010 before "returning to target in the medium term".”
2.7 %
-
finance · BBC
“The UK is set to miss the previous government's "golden rule" - of borrowing only to invest over the economic cycle - in the current cycle by £485bn.”
485 bn
-
finance · BBC
“Underlying current budget deficit should be "in balance" by 2015/16.”
0 deficit
-
finance · BBC
“Public sector net borrowing will be £149bn this year, £116bn next year, £89bn in 2012-13 and £60bn in 2013-14.”
149 bn
116 bn
89 bn
-
finance · BBC
“By 2014-15 borrowing to reach £37bn, falling to £20bn in 2015-16.”
37 bn
20 bn
-
finance · BBC
“Mr Osborne said the state now accounted for "almost half" of all national income which was "completely unsustainable".”
about 50 %
-
finance · BBC
“Average real terms budget cuts of 25% over four years - except for health and international aid.”
25 %
-
finance · BBC
“Departmental cuts amount to a further £17bn by 2014-15, on top of those already planned.”
17 bn
-
finance · BBC
“current expenditure to rise from £637bn in 2010-11 to £711bn in 2015-16.”
637 bn
711 bn
-
finance · BBC
“The main rate of corporation tax will be cut from 28% to 24% over the next four years, the Chancellor, George Osborne, has announced.”
28 %
24 %
-
finance · BBC
“increase of VAT up to 20%”
20 %
-
finance · BBC
“Chancellor George Osborne has identified £6.2bn of government Whitehall savings this year”
6.2 bn
-
finance · BBC
“he would set out a four-year plan to deal with it”
4 years
-
finance · BBC
“This is expected to take the form of a three-year scheme to exempt start-up firms elsewhere in the UK from paying NI for the first 10 people employed”
3 years
10 people
-
finance · BBC
“It is expected the employers' threshold for NI will rise slightly - by £21”
21 GBP
-
finance · BBC
“cut the structural budget deficit to zero in the next six years.”
0 deficit
-
finance · BBC
“expected the UK's total debt levels to have started falling by 2016.”
2016 year
-
politics · BBC
“I spoke to David several times over the last 24 hours and I have a huge admiration for the way he has conducted himself in the most difficult circumstances.”
-
finance · BBC
“The main rate of corporation tax will be cut from 28% to 24% over the next four years”
28 %
24 %
4 %
-
finance · BBC
“Corporation tax will be cut from 28% to 27% next year, and by 1% annually for the following three years.”
28 %
27 %
1 %
-
finance · BBC
“The rate for small companies will also be cut from 21% to 20%.”
21 %
20 %
-
finance · BBC
“He also revealed plans to reduce the Annual Investment Allowance from £100,000 to £25,000 from April 2012.”
100000 £
25000 £
-
finance · BBC
“The threshold at which employers start to pay National Insurance will rise by £21 a week above indexation from April, the chancellor said.”
21 £
-
finance · BBC
“The chancellor also announced that the capital gains tax 'entrepreneurs' relief' rate of 10% on the first £2m of gains will be extended to the first £5m.”
10 %
5000000 £
-
finance · BBC
“For new businesses setting up outside London, the south-east and the east of England over the next three years, employers will be exempt from up to £5,000 in National Insurance payments for each of t…”
5000 £
10 employees
3 years
-
finance · BBC
“Mr Osborne also said that the government would reverse Labour's plan to increase the duty on cider by 10% above inflation.”
10 %
-
finance · BBC
“George Osborne will spell out the government's plans to reduce the UK's £156bn deficit on Tuesday.”
156000000000 GBP
-
finance · BBC
“the chancellor's decision to impose a two-year freeze in public sector pay - although the lowest paid civil servants earning below £21,000 will still get a flat pay increase of £250 per year”
2 years
250 £
-
finance · BBC
“Mr Osborne said there would be no further cuts in capital spending programmes”
-
world · BBC
“the chancellor's announcement that the earnings link will be restored to the basic state pension from April 2011”
2011 year
-
finance · BBC
“he would set out a four-year plan to deal with it.”
4 years
-
finance · BBC
“leave households on average £400 a year worse off”
400 £
-
finance · BBC
“two-year pay freeze for public sector workers earning over £21,000”
2 years
-
finance · BBC
“three-year freeze in child benefit”
3 years
-
finance · BBC
“main rate of VAT would rise from 17.5% to 20% from next January”
17.5
20
-
finance · BBC
“raising an estimated £13bn”
13 £
-
finance · BBC
“raised the personal income tax allowance by £1,000”
1000 £
-
finance · BBC
“average 25% real terms squeeze in their budgets over the course of the Parliament”
25
-
finance · BBC
“expected to save £3.3bn a year by 2014-15”
3.3 £
-
finance · BBC
“public sector workers earning over £21,000”
more than 21000 £
-
finance · BBC
“reduction in tax credits for families earning more than £40,000”
more than 40000 £
-
politics · BBC
“Chancellor George Osborne told members of parliament that the coalition government would seek a balance of 77% in spending cuts and 23% in tax increases”
77
23
-
finance · BBC
“revealing that the scale of the national debt demands additional cuts which amount to an average real terms cut of 25% over the next four years”
25
-
finance · BBC
“Some of these cuts could perhaps be offset by the chancellor's decision to impose a two-year freeze in public sector pay - although the lowest paid civil servants earning below £21,000 will still get…”
250 £
-
world · BBC
“pensioners in Wales will benefit from the chancellor's announcement that the earnings link will be restored to the basic state pension from April 2011”
-
finance · BBC
“increase in VAT up to 20%”
up to 20 %
-
finance · BBC
“Chancellor George Osborne announced a hike in VAT from 17.5% to 20%”
17.5 %
20 %
-
finance · BBC
“the chancellor is abandoning a reduction in the threshold for the tax on savings and investments from £10,000 to £2,500.”
10000 £
2500 £
-
finance · BBC
“Mr Osborne is also, says the paper, privately ruling out a 50% top rate.”
50 %
-
finance · BBC
“He thanked Sir Alan Budd for agreeing to chair the OBR in its first year.”
1 year
-
politics · BBC
“I spoke to David several times over the last 24 hours”
24 hours
-
finance · BBC
“The Chancellor, George Osborne, is due to outline government plans to make £6bn of savings over the next year, and further deficit reduction plans will be announced in the emergency Budget planned fo…”
6 bn
-
finance · BBC
“The Queen's Speech came after the Scottish government was told it would be expected to make savings of £332m, as part of UK Chancellor George Osborne's plan to save £6bn in the first wave of public s…”
332000000 GBP
6000000000 GBP
-
politics · BBC
“the chancellor said it was necessary to take "urgent action" to address the UK's budget deficit as he spelt out plans for £6.2bn worth of cuts.”
6.2 GBP
-
finance · BBC
“UK Chancellor George Osborne's plan to save £6bn in the first wave of public spending cuts”
6 £bn
-
finance · BBC
“In London, the chancellor said it was necessary to take "urgent action" to address the UK's budget deficit as he spelt out plans for £6.2bn worth of cuts.”
6.2 £bn
-
finance · BBC
“The Welsh budget will be cut by £162.5m as a part of £6.2bn spending reductions to tackle the UK's deficit unveiled by Chancellor George Osborne.”
162.5 £m
6.2 £bn