2012 United Kingdom budget

 () 2012 United Kingdom budget
Budget 2012
PresentedWednesday 21 March 2012
Parliament55th
PartyCoalition government
ChancellorGeorge 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)
Website2012 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.

  1. ^ "Budget 2012 at a glance: George Osborne's key points". BBC. 21 March 2012.