The UK Chancellor of the Exchequer normally delivers the Government's pre-Budget report in November or December as a precursor to the main Budget in the following Spring. We have produced brief summaries of the Budget and Pre-Budget reports, which outline the more significant employee benefit-related issues.
Latest Summaries
The UK Chancellor, Alistair Darling, today delivered his first Budget. And while it would be grossly unfair to suggest that he is the author of the UK’s current economic discomfort, his decisions to date on reform of capital gains taxation, a flat-rate tax on non-domiciles and the long uncertain road to nationalisation of Northern Rock Bank have not enamoured him to the business community. He had little scope today for grand measures that would restore his personal standing, but he delivered a solid, reassuringly-unspectacular, Budget. Credit crunch; a downturn predicted in economic growth, borrowing restrained by the "golden rule" - who would want to be Chancellor at the moment? Certainly not the former Chancellor. The UK Chancellor of the Exchequer (Gordon Brown) delivered his UK Budget report on 21 March 2007. We have produced a brief summary of the more significant points in relation to employee benefit related issues. Gordon Brown delivered his 10th, and what is likely to be his final, pre-Budget report on 6 December 2006. The Chancellor delivered his 10th Spring Budget on 22 March 2006. The Chancellor delivered the first pre-Budget report of this Parliament on 5 December 2005. The Chancellor delivered his ninth, and possibly last, Spring Budget report on 16 March 2005. With a general election tantalisingly close, there were predictably few unpleasant surprises, and some measures that might prove attractive to certain elements of the electorate. The Chancellor delivered this year’s, and most likely this Parliament’s final, pre-Budget report on 2 December 2004. Returning to the theme of his 1998 Budget report "Prudence for a purpose", the Chancellor delivered this year's Spring Budget report on 17 March. As is now customary, most of the tax rates and thresholds for the forthcoming tax year were already known, the Chancellor having announced these in his autumn pre-Budget report. However, for convenience we have reproduced the figures.
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