The June 1979 United Kingdom budget was delivered by Geoffrey Howe, the Chancellor of the Exchequer, to the House of Commons on 12 June 1979. It was Howe's first budget and the first of the first Thatcher ministry, which had been elected a few weeks earlier. It was also the second budget to be delivered to Parliament in 1979. The budget marked a major change in direction for the UK economy, with an increase in reliance on interest rates and monetary policy to control inflation. It is also noted for its introduction of substantial tax cuts, such as reducing the top rate of income tax from 83% to 60% and the basic rate from 33% to 30%. The budget also saw an increase in VAT from 8% to 15%.[1]
In his budget speech, Howe told the House of Commons "we cannot go on avoiding difficult choices".[1]
^ ab"Budgets 1979–1992". BBC. Retrieved 19 November 2022.
and 28 Related for: June 1979 United Kingdom budget information
The June1979UnitedKingdombudget was delivered by Geoffrey Howe, the Chancellor of the Exchequer, to the House of Commons on 12 June1979. It was Howe's...
The June 2010 UnitedKingdomBudget, officially also known as Responsibility, freedom, fairness: a five-year plan to re-build the economy, was delivered...
of the UnitedKingdom by GVA per capita UnitedKingdom national debt Budget Day Economy of the UnitedKingdom Departments of the UnitedKingdom Government...
The April 1979UnitedKingdombudget was delivered by Denis Healey, the Chancellor of the Exchequer, to the House of Commons on 3 April 1979. It was the...
The 1972 UnitedKingdombudget (also known as the dash for growth budget) was a budget delivered by Anthony Barber, the Chancellor of the Exchequer, on...
The 2020 UnitedKingdombudget, officially known as Budget 2020: Delivering on Our Promises to the British People, was a budget delivered by Rishi Sunak...
The 2007 UnitedKingdomBudget, officially known as Budget 2007: Building Britain's long-term future: Prosperity and fairness for families, was formally...
The 1979UnitedKingdom general election was held on Thursday 3 May 1979 to elect 635 members to the House of Commons. The Conservative Party, led by Margaret...
Events from the year 1979 in the UnitedKingdom. Monarch – Elizabeth II Prime Minister - James Callaghan (Labour) (until 4 May), Margaret Thatcher (Conservative)...
The 1997 UnitedKingdombudget (sometimes referred to as the People's budget and officially titled Equipping Britain for our Long-Term Future) was delivered...
The 2012 UnitedKingdombudget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday 21 March 2012. It...
The 2009 UnitedKingdomBudget, officially known as Budget 2009: Building Britain's Future, was formally delivered by Alistair Darling in the House of...
The 2003 UnitedKingdomBudget, officially known as Opportunity for all: The strength to take the long-term decisions for Britain was the formal government...
The 2004 UnitedKingdomBudget, officially known as Opportunity for all: The strength to take the long-term decisions for Britain was the formal government...
The 1984 UnitedKingdombudget was delivered by Nigel Lawson, the Chancellor of the Exchequer, to the House of Commons on 13 March 1984. It was the first...
The 2018 UnitedKingdombudget was delivered by Philip Hammond, the Chancellor of the Exchequer, to the House of Commons on Monday, 29 October 2018. It...
The 2008 UnitedKingdomBudget, officially known as Budget 2008: Stability and opportunity: building a strong, sustainable future, was formally delivered...
The 2005 UnitedKingdomBudget, officially known as Investing for our future: Fairness and opportunity for Britain's hard-working families was the formal...
The 2011 UnitedKingdombudget, officially called 2011 Budget – A strong and stable economy, growth and fairness, was delivered by George Osborne, the...
The 2000 UnitedKingdomBudget, officially known as Budget 2000 - Prudent for a Purpose: Working for a Stronger and Fairer Britain was the formal government...
The 2001 UnitedKingdombudget, named "Investing for the Long Term: Building Opportunity and Prosperity for All", was presented by Gordon Brown, Chancellor...
The 1989 UnitedKingdombudget was delivered by Nigel Lawson, the Chancellor of the Exchequer, to the House of Commons on 14 March 1989. It was the sixth...