| You are in: In Depth: Budget 2001 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Budget in detail BBC News Online takes a closer look at the measures announced in Gordon Brown's Budget.
Economic Overview The chancellor highlights substantial economic growth and a fall in net debt. Inflation is forecast at between 2.25 and 2.75%.
Business Tax Gordon Brown announces tax incentives for businesses including measures to boost urban regeneration.
Employment Investment in training, an increase in the minimum wage and efforts to help lone parents back into work are among the employment measures announced.
Transport and the environment The chancellor announces a reduction in licence fees and cuts in fuel prices while tax relief is offered to companies committed to cutting carbon emissions.
The chancellor promises to freeze duty on whisky, spirits, wine and beer. Beyond inflation there will be no rise in cigarette tax. Gambling taxes meanwhile, are abolished.
Taxes and benefits The chancellor says he is committed to cutting child poverty and announces several measures that he believes will directly benefit the family.
Pensions and savings The Budget includes several measures intended to benefit pensioners, while tax reliefs and incentives are announced to promote savings.
Public Spending The chancellor unveils targeted public spending plans, including a substantial investment in policing.
Closing remarks The chancellor's Budget speech to parliament ran to 51 minutes.
Email us your thoughts on the Budget: |
Top Budget 2001 stories now: Links to more Budget 2001 stories are at the foot of the page. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Links to more Budget 2001 stories |
![]() | ||
| ---------------------------------------------------------------------------------- To BBC Sport>> | To BBC Weather>> | To BBC World Service>> ---------------------------------------------------------------------------------- © MMIII | News Sources | Privacy |