_(St_Edwards_Crown).svg) | |
| Presented | 15 March 1983 |
|---|---|
| Parliament | 48th |
| Party | Conservative Party |
| Chancellor | Geoffrey Howe |
|
‹ 1982 1984› | |
The 1983 United Kingdom budget was delivered by Geoffrey Howe, the Chancellor of the Exchequer, to the House of Commons on 15 March 1983. It was the final budget to be presented before the 1983 general election and the last to be presented by Howe. He announced a programme of tax cuts worth around £2bn for individuals and £750m for business, as well as increasing personal allowances by 14%, 8.5% above the rate of inflation. Social Security benefits were also raised. The Conservatives went on to win the election, but Howe would subsequently be replaced as chancellor by Nigel Lawson in a post-election cabinet reshuffle.