Presented | 10 March 1981 |
---|---|
Parliament | 48th |
Party | Conservative Party |
Chancellor | Geoffrey Howe |
‹ 1980 1982› |
The 1981 United Kingdom budget was delivered by Geoffrey Howe, the then Chancellor of the Exchequer, to the House of Commons on 10 March 1981. It was Geoffrey Howe's third budget and the second of the first Thatcher ministry.[1] The budget represented a strongly monetarist response to the stagflation and high government borrowing which the UK was suffering at the time. The budget speech lasted for 91 minutes.[2]