BUDGET 2012 - DETAILED SUMMARY (22/03/11)

Chancellor George Osborne delivered the 2012 Budget with a clear message: this is a budget to "earn Britain out of trouble".

In what was one of the most widely leaked Budgets in recent years, there were still a few surprises. One of the biggest headlines was that the 50p top rate of income tax will be cut to 45p from April 2013.

The Chancellor has also taken “aggressive measures” on Stamp Duty avoidance for homes worth over £2m.

Our full Budget Report summary, including the "small print" which does not make the headlines, is available to download here.
 
Our 2012/13 Tax Tables, summarising the new tax rates and allowances, can be downloaded here.