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Biographies
Asquith, Henry Herbert
Attlee, Clement Richard
Barber, Anthony
Boothby, Robert
Brown, Gordon
Butler, Richard Austen
Callaghan, James
Chamberlain, Neville
Churchill, Randolph
Churchill, Winston Leonard Spencer
Clarke, Kenneth
Gladstone, William Ewart
Goschen
Harcourt, William
Healey, Denis
Heathcoat Amory, Derick
Heath, Edward Richard George
Howe, Geoffrey
Inskip, Thomas
Lamont, Norman
Lawson, Nigel
Lloyd George, David
MacMillan, Maurice Harold
Major, John Roy
North, Frederick
Pitt the Younger, William
Snowden, Philip
Thatcher, Margaret Hilda
Villiers, George William Frederick
Villiers
Walpole, Robert
Walters, Alan
Wilson, James Harold
Places
Lancashire
Leicester
London
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Suez

Budget
History of Great Britain

              


1717
Walpole, Robert
Introduces the sinking fund for reducing the national debt
1731
Walpole, Robert
Land Tax is cut to 1 sh in the œ, a reduction of 3/4 from its peak
Taxation is shifted toward commodities
1776
North, Frederick
London Raises land tax to four shillings to help pay for the American War of Independence
1784
Pitt the Younger, William
Puts government contracts out to competitive tender
Rises taxes, e.g. window tax, & creates a sinking fund
The National debt rises to œ238m & Pitt creates a single treasury
1798
Pitt the Younger, William
London Imposes 1d more stamp duty on British newspapers
London Prohibits import of foreign newspapers
London Proposes an income tax of 2s in œ1
1853
Gladstone, William Ewart
London Increases bonds, raises loans & doubles income tax to 1s 2d to pay for the Crimean war
1859
Gladstone, William Ewart
London Raises a budget to pay for the war with China raising income tax from 5d to 9d
1860
Gladstone, William Ewart
London Direct tax is raised from 9d to 10d, due to extra defence spending
London National debt interest is reduced by œ2m
London Tariffs on 400 articles & paper are removed
London The Budget is rejected by the Lords because they oppose the abolition of paper duties
London The Cabinet decides to refer the Budget to the Commons Committee of Privileges
London The Lord's refuse to abolish paper duties & reject the budget
1861
Gladstone, William Ewart
London Abolition of paper duty is included in the budget & passed by the Lords
London Approval of the budget by the Lords becomes common practice
1870
Villiers
London Proposes cuts in the arms expenditure but dies before carrying them out
1870
Villiers, George William Frederick
London Proposes cuts in the arms expenditure but dies before carrying them out
1885
Gladstone, William Ewart
9th June London Gladstone is defeated by the Irish Party's vote on the budget
1886
Churchill, Randolph
London Proposes drastic cuts in funds for the armed services
22nd Dec London Sudden resignation after the Cabinet will not support his proposed defense cuts
1888
Goschen
15th April London Cuts the interest on Britain's National debt
1891
Goschen
23rd April London Goschen's budget has a surplus of œ2,000,000
1894
Harcourt, William
12th April London Introduces death duties
1909
Asquith, Henry Herbert
30th Nov London The Lords reject the Budget by 350 votes to 75
1909
Churchill, Winston Leonard Spencer
Lancashire Defends free trade & attacks the Lords for rejecting the Finance Bill
6th Sep Leicester Speaks against the Lord's rejection of the Budget, refers to dangers of class warfare
1909
Lloyd George, David
London Raises taxes on upper incomes & large Estates
30th Nov London The Lords reject the Budget by 350 votes to 75
1910
Asquith, Henry Herbert
30th Mar London With the support of the Irish Nationalists Asquith's Budget is passed by the Commons
18th April London The Commons votes in favor of the People's Budget of 1909, including the whisky duty
27th April London The Budget is presented to the House of Commons & passes by 324 votes to 231
28th April London The Lords is presented with the Budget & passes it without a division
1910
Churchill, Winston Leonard Spencer
27th April London Churchill wants strong measures against the Lords if they reject the Budget
1910
Lloyd George, David
27th April London The Budget is presented to the House of Commons & passes by 324 votes to 231
28th April London The Lords passes the Budget without a division
1914
Churchill, Winston Leonard Spencer
London Churchill wins his case to increase the budget on the Navy
22nd Jan London Churchill's proposals to increase Naval expenditure split the cabinet
10th Feb London Churchill's proposals in cabinet to increase Naval expenditure are accepted
1924
Snowden, Philip
Cuts direct & indirect taxation
1925
Churchill, Winston Leonard Spencer
28th April London Announces Britain will return to the gold standard & reduce income tax
28th April London Introduces social legislation such as pensions for widows & orphans
28th April London Make his 1st budget speech to the House of Commons
1926
Churchill, Winston Leonard Spencer
London Intoduces a contributory old age pension scheme & reduces direct taxation by 4%
London Reduces the Treasury's contribution to health & unemployment schemes by 11%
1928
Boothby, Robert
24th April London Accompanies Churchill during his 4th budget speech
1928
Churchill, Winston Leonard Spencer
24th April London Churchill makes his 4th budget speech
1932
Chamberlain, Neville
19th April London Includes low expenditure on Defense
20th April London Sets up an Exchange Equalization Fund to prevent sudden fluctuations in sterling
1937
Inskip, Thomas
22nd Dec London Inskip's report on arms expenditure is reviewed by the Cabinet, emphasises diplomacy
1940
Churchill, Winston Leonard Spencer
27th Feb Introduces the Navy estimates to Parliament for the 1st time since 1914
1950
Attlee, Clement Richard
London Agrees to increae the defence budget from œ3,400 to œ4,700 under pressure from the US
1953
Butler, Richard Austen
19th April London Due to a trade surplus 6d is taken off the standard rate of income tax
19th April London Reduces the standard rate of tax to 9 shillings in the pound
1955
Butler, Richard Austen
London Reduces taxation prior to the general election
1955
Churchill, Winston Leonard Spencer
1st Mar London Churchill's budget includes expenditure on the hydrogen bomb
1956
MacMillan, Maurice Harold
London Introduces Premium Bonds & cuts Government food subsidies
1959
Heathcoat Amory, Derick
April London Cuts income tax, purchase tax & the price of beer & restores investment allowances
1964
Callaghan, James
11th Nov London Announces increases in social benefits & the introduction of capital gains tax
1966
Wilson, James Harold
19th July London Announces a package of cuts in the House of Commons, in preference to devaluation
19th July London HP controls are tightened, indirect taxes & post office charges raised
19th July London Incomes & prices are frozen for 6 months
19th July London Surtax introduced & public investments cut
1967
Callaghan, James
London Callaghan announces a cautious budget
London Sterling is strong, trade in surplus & the bank rate down to 6%
1967
Wilson, James Harold
Suez The government publishes a White Paper to make defence cuts east of Suez
1970
Barber, Anthony
27th Oct London Cuts income tax by 2 1/2 pence
27th Oct London Cuts income tax, reduces subsidies, replaces industrial grants with tax incentives
1971
Heath, Edward Richard George
30th Mar Child allowances & old age pensions are increased
30th Mar Selective employment tax is halved
30th Mar The top rate of tax is reduced to 75%
1974
Healey, Denis
Mar London Increases food & pensons subsidies for the poorest
Mar London Taxaton up to 83% earned income & 98% unearned income
1975
Wilson, James Harold
26th Sep London Proposes a Public Accounts Comm for the EU Parliament to control expenditure
1978
Callaghan, James
Mar London A white paper announces cuts to the defence budget of œ4,700 million over 10 yrs
1979
Thatcher, Margaret Hilda
21st June Strasbourg Attends the European Council & forwards the case for reducing Britain's contributions
1980
Howe, Geoffrey
26th Mar London Announces savings in public spending of œ900 million
26th Mar London Increases spending on defence, police & pensions
26th Mar London Raises duties & prescription charges
1980
Thatcher, Margaret Hilda
24th Nov London A new tax is introduced on Nth Sea oil
24th Nov London National Insurance Contributions go up
24th Nov London Pensions & social security will increase by 1% less than inflation
1983
Howe, Geoffrey
15th Mar London Tax allowances are raised by 14%, 1.75 million are taken out of income tax
1983
Lawson, Nigel
12th June London Decides to make cuts mid financial year because of the higher than expected PSBR
1983
Thatcher, Margaret Hilda
21st Sep Stuttgart Meets Khohl, they agree to forward CAP reforms from Stuttgart to the Athens Summit
1983
Walters, Alan
June London Urges an immediate 3% reduction in cash limits
1984
Lawson, Nigel
London Abolishes Investment Income Surcharge & National Insurance Surcharge
London Cuts Corporation tax
1985
Lawson, Nigel
London Raises personal income tax allowances well above inflation
1986
Lawson, Nigel
London Cuts basic rate of income tax by 1 penny
London Introduces Personal Equity Plans to encourage personal investment
1987
Lawson, Nigel
London Cuts two pence off the basic rate of income tax
1988
Lawson, Nigel
London Establishes a rate of income tax at 40% & a reduction of the basic rate of tax to 25%
1990
Lamont, Norman
20th Mar London Presents the Budget Statement to the House of Commons
1990
Major, John Roy
Mar London Delivers the budget in the House of Commons
1994
Clarke, Kenneth
30th Nov London Presents the budget for 1995-96, proposes cutting spending but not reducing taxes
7th Dec London Announces an increase in interest rates from 6.25% to 5.75%
8th Dec London Increases tax on petrol, cigarettes & alcohol
1994
Major, John Roy
26th Nov London The European Finance Bill is passed
1997
Brown, Gordon
2nd July Windfall tax on privatized utilities & new tax on pension funds
2000
Brown, Gordon
8th Nov Announces state pensions will rise 5 pounds for a single person & for a couple
2002
Brown, Gordon
Increases national insurance to pay for health spending

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