UK Budget 2010: Securing the Recovery

Budget 2010 Securing the recovery – copy of Economic and Fiscal Strategy Report and Financial Statement and Budget Report March 2010 as laid before the House of Commons by the Chancellor of the Exchequer when opening the Budget. Stephen Timms Her Majestys Treasury 24 March 2010

“The Governments economic objective is to build a strong economy and fair society, where there is opportunity and security for all. Budget 2010, Securing the recovery, presents updated assessments and forecasts of the economy and public finances. It reports on how the Government will be delivering support to business and households to build strong, sustainable, growth whilst protecting the frontline services that people rely on. The Government is acting to ensure sound public finances to provide a stable platform for growth and maintain macroeconomic stability. Budget 2010 is fiscally neutral and confirms the Governments plans to more than halve the deficit over four years, maintaining a credible path of fiscal consolidation. On public spending, Budget 2010 identifies the £11 billion of cross-cutting savings announced under Smarter Government department-by-department and provides further details on how the Government will deliver £5 billion of savings from targeting and prioritising spending. On tax, the Government intends to make further progress in Finance Bill 2010 passing into legislation its tax consolidation plans, and Budget 2010 announces the continuation of above inflation increases in fuel, alcohol and tobacco duties to 2014-15.”

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