| Budget 2012 | |
|---|---|
_(St_Edwards_Crown).svg) | |
| Presented | Wednesday 21 March 2012 |
| Parliament | 55th |
| Party | Coalition government |
| Chancellor | George Osborne |
| Total revenue | £592 billion (38.5% of 2011 GDP) |
| Total expenditures | £682 billion (45% of 2011 GDP) |
| Deficit | £90 billion (6% of 2011 GDP) |
| Website | 2012 Budget |
|
‹ 2011 2013› | |
The 2012 United Kingdom budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday 21 March 2012.[1]
It was the third budget of the Conservative-Liberal Democrat coalition government that was formed in 2010, and also the third to be delivered by Osborne.
Its key points included a rise in the personal tax allowance, a cut in the top rate of income tax and in the rate of corporation tax, and a new level of stamp duty on high-value properties.
- ^ "Budget 2012 at a glance: George Osborne's key points". BBC. 21 March 2012.