Budget 2011

Author:

HM Treasury

Publisher:

TSO (The Stationery Office)

Price: £45.00

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'Budget 2011 (HC 836)' sets out the action the Government will take in three areas: maintaining a strong and stable economy; encouraging growth; and delivering fairness.

Chapter 1 outlines how the measures in the Budget advance the Government's long-term goals.

Chapter 2 provides a brief description of all Budget policy decisions. The decisions have a neutral impact on the public finances, implementing fiscal consolidation as planned. Growth is forecast to be 1.7% in 2011, but the outlook for the public finances is broadly unchanged.

Measures are outlined on:

• personal tax;

• corporate taxes;

• tax measures affecting charities;

• indirect taxes (tobacco, alcohol, fuel and gambling duties, other transport taxes, landfill, VAT);

• tax reliefs;

• anti-avoidance;

• tax administration; and

• banking.

Actions to promote growth include:

(a) creating the most competitive tax system in G20, with reductions in corporation tax, simplification of the tax system, and consultation on integrating the operation of income tax and National Insurance;

(b) measures to facilitate and support the starting up of businesses - removal of regulatory burdens, implementing Lord Young's proposals on health and safety, expansion of investment schemes and other financial support, streamlining the planning system, investing in science capital development;

(c) encouraging investment and exports through establishing 21 new enterprise zones, extra funding for new rail projects and pothole repair; and

(d) creation of a more educated, flexible workforce, with additional work experience places and apprenticeships.

Fairness is addressed through various tax and pension changes.

Appendix A examines the impact on households.

A number of supporting documents are published alongside the Budget (see below for details).

Extent	102 pages	ISBN	9780102971033
Size	A4	Price	£45.00
Format	Paperback	Published	23 Mar 2011
Availability	Colour copy: 3 - 5 days	Delivery	Delivery options and charges