_(St_Edwards_Crown).svg) | |
| Presented | 23 March 2011 |
|---|---|
| Parliament | 55th |
| Party | Coalition government |
| Chancellor | George Osborne |
| Total revenue | £589 billion (41% of 2010 GDP) |
| Total expenditures | £711 billion (50% of 2010 GDP) |
| Deficit | £121 billion (8.5% of 2010 GDP) |
| Website | 2011 Budget |
|
2012› | |
The 2011 United Kingdom budget, officially called 2011 Budget – A strong and stable economy, growth and fairness, was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on 23 March 2011.[1]
It was the second budget of the Conservative-Liberal Democrat coalition government formed in 2010, and the second to be delivered by Osborne.
Osborne quoted data and projections from the Office for Budget Responsibility relating to economic growth, inflation and borrowing. Key measures taken or introduced included increasing the personal tax allowance, cuts in corporation tax, a cut in fuel duty, and a new equity loan scheme designed to help first-time buyers in the property market.
- ^ George Osborne springs fuel price surprise Archived 28 October 2017 at the Wayback Machine, The Independent, 23 March 2011