Budget - June 2010

George Osborne described his first Budget as 'the unavoidable Budget' in which spending cuts outweighed tax increases by a ratio of 77% spending cuts to 23% tax increases. The big revenue raiser will be the VAT increase in the new year, but the main part of the package - the spending cuts - will be announced in the autumn.

For more information, please see:

• summary of the taxation provisions

Please note: this information has been supplied by Taxbriefs.

To see more articles, see these pages:

• latest news
• knowledge base