The Budget is an annual event in which the UK’s future economic plans are outlined by the Chancellor of the Exchequer.

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The latest chancellor’s budget has been seen as one of the most divisive in recent history. The first Tory-only cabinet in 19 years has provided promises of investment and tax reliefs that are a boon

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Aside from the traditions of the red box and the chancellor having an alcoholic drink while delivering his speech, both which still stand to this day (although only one of them is usually still adopted),

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Surprise July Deficit Comes as Blow to UK Government

The UK’s public sector recorded an unexpected deficit in July. Public sector net borrowing totaled £62 million, according to the Office of National Statistics (ONS).

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Key Points Budget

Chancellor George Osborne has delivered his 2013 budget. Here are some of the key points.

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Autumn Statement Key Points

All about Autumn Statement key points.

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Tax Gap at £32 Billion

HMRC’s estimated tax gap for 2011/2012 has been stated as being £32 billion, up £1 billion from the previous year.

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UK Back in Recession

Recession has returned to the UK after the economy shrunk by 0.2 percent in the first three months of 2012.

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Scale of Tax Avoidance Revealed

The degree of tax avoidance by the super rich has been revealed after figures released by the Treasury.

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Key Points of George Osborne’s Autumn Statement

Chancellor George Osborne gave his much anticipated autumn statement yesterday. He began by saying the Office of Budget Responsibility forecasts dropping to 0.9 percent in 2011 and 0.7 percent in 2012.

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Fuel Duty Increase Scrapped in Budget

The planned increase in fuel duty of 4 pence per litre was scrapped in George Osborne’s budget yesterday. And a further 1 pence will be cut from pump prices immediately. The move will be paid for by an unexpected £2 billion tax on oil companies.

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