| You are in: In Depth: Budget 2002 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Audio and video coverage ![]() The UK Chancellor Gordon Brown has delivered the first Budget of Labour's second term. As expected the main headline was an increase in National Insurance to pay for increased NHS spending. Click here to watch all the key moments of the budget speech and opposition reaction: 56k
Spending on the NHS is due to top �100 billion in five years' time. Many more doctors and nurses are needed to staff hospitals - so how long will it be before the increases in spending produce the desired results for patients?
Most people will be hit by a rise in National Insurance. Anyone earning more than �4,600 a year will pay more, and those without children will pay most heavily. What will the Budget mean for low, middle and high earners?
Businesses are calling the National Insurance increase a tax on jobs. The chancellor is being accused of giving with one hand and taking away with the other. The criticism comes despite a series of measures to help small businesses.
For once, the Budget is good news for drinkers, or at least those who favour real ale. Duty on beer produced by independent breweries will be halved in time for the World Cup.
Adrian Chiles and the Working Lunch team are joined by specialist analysts who answered viewers' questions immediately after the budget speech.
Click below to watch the chancellor's autumn pre-Budget speech, in which he outlined his approach to this spring's Budget and set out his economic forecasts: |
Top Budget 2002 stories now: Links to more Budget 2002 stories are at the foot of the page. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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