Permanent historical factsheet

Budget

Great Britain · Government / Conservative Party Government. Chronological records rendered directly from the World History Database.

67Records
1859–2023Date range
22Named people
3Places

Chronological records

1859

William Ewart Gladstone1859

London · Government / Conservative Party Government

Raises a budget to pay for the war with China raising income tax from 5d to 9d

1886

Randolph Henry Spencer-Churchill22 December 1886

London · Government / Conservative Party Government

Sudden resignation after the Cabinet will not support his proposed defense cuts

Randolph Henry Spencer-Churchill1886

London · Government / Conservative Party Government

Proposes drastic cuts in funds for the armed services

1888

Goschen Goschen, 1st15 April 1888

London · Government / Conservative Party Government

Cuts the interest on Britains National debt

1891

Goschen Goschen, 1st23 April 1891

London · Government / Conservative Party Government

Goschens budget has a surplus of œ2,000,000

1925

Winston Leonard Spencer Churchill28 April 1925

London · Government / Conservative Party Government

Churchill presents his first budget and announces the Government's intention to restore sterling's gold parity.

1926

Winston Leonard Spencer Churchill1926

London · Government / Conservative Party Government

Reduces the Treasurys contribution to health & unemployment schemes by 11%. Intoduces a contributory old age pension scheme & reduces direct taxation by 4%

1928

Robert Boothby24 April 1928

London · Government / Conservative Party Government

Accompanies Churchill during his 4th budget speech

Winston Leonard Spencer Churchill24 April 1928

London · Government / Conservative Party Government

Churchill makes his 4th budget speech

1953

Richard Austen Butler Saffron Walden19 April 1953

London · Government / Conservative Party Government

Reduces the standard rate of tax to 9 shillings in the pound. Due to a trade surplus 6d is taken off the standard rate of income tax

1955

Winston Leonard Spencer Churchill1 March 1955

London · Government / Conservative Party Government

Churchills budget includes expenditure on the hydrogen bomb

Richard Austen Butler Saffron Walden1955

London · Government / Conservative Party Government

Reduces taxation prior to the general election

1956

Maurice Harold MacMillan Stockton, 1st1956

London · Government / Conservative Party Government

Introduces Premium Bonds & cuts Government food subsidies

1959

Derick Heathcoat AmoryApril 1959

London · Government / Conservative Party Government

Cuts income tax, purchase tax & the price of beer & restores investment allowances

1964

Reginald Maudling1964

London · Government / Conservative Party Government

Reginald Maudling presents the 1964 Budget to the House of Commons as Chancellor of the Exchequer.

1970

Anthony Barber27 October 1970

London · Government / Conservative Party Government

Cuts income tax, reduces subsidies, replaces industrial grants with tax incentives. Cuts income tax by 2 1/2 pence

1971

Edward Richard George Heath30 March 1971

Government / Conservative Party Government

The top rate of tax is reduced to 75%. Selective employment tax is halved. Child allowances & old age pensions are increased

Anthony Barber1971

London · Government / Conservative Party Government

Anthony Barber presents the 1971 Budget to the House of Commons as Chancellor of the Exchequer.

1972

Anthony Barber1972

London · Government / Conservative Party Government

Anthony Barber presents the 1972 Budget to the House of Commons as Chancellor of the Exchequer.

1973

Anthony Barber1973

London · Government / Conservative Party Government

Anthony Barber presents the 1973 Budget to the House of Commons as Chancellor of the Exchequer.

1979

Margaret Hilda Thatcher21 June 1979

Strasburg · Government / Conservative Party Government

Attends the European Council & forwards the case for reducing Britains contributions

Geoffrey Howe1979

London · Government / Conservative Party Government

Geoffrey Howe presents the 1979 Budget to the House of Commons as Chancellor of the Exchequer.

1980

Geoffrey Howe26 March 1980

London · Government / Conservative Party Government

Delivers the 1980 Budget with tax rises and spending restraint.

Geoffrey Howe26 March 1980

London · Government / Conservative Party Government

Raises duties and prescription charges while announcing public spending savings of pounds 900 million.

Margaret Hilda Thatcher24 November 1980

London · Government / Conservative Party Government

Pensions and social security rise below inflation; National Insurance and North Sea oil taxation rise.

Geoffrey Howe1980

London · Government / Conservative Party Government

Geoffrey Howe presents the 1980 Budget to the House of Commons as Chancellor of the Exchequer.

1981

Geoffrey Howe1981

London · Government / Conservative Party Government

Geoffrey Howe presents the 1981 Budget to the House of Commons as Chancellor of the Exchequer.

1982

Geoffrey Howe1982

London · Government / Conservative Party Government

Geoffrey Howe presents the 1982 Budget to the House of Commons as Chancellor of the Exchequer.

1983

Geoffrey Howe15 March 1983

London · Government / Conservative Party Government

Tax allowances are raised by 14%, 1.75 million are taken out of income tax

Nigel Lawson12 June 1983

Government / Conservative Party Government

Decides to make cuts mid financial year because of the higher than expected PSBR

Alan Arthur WaltersJune 1983

Government / Conservative Party Government

Urges an immediate 3% reduction in cash limits. Through a sleight of hand, the extra revenue Walters wished to raise was secured by freezing income tax thresholds

Margaret Hilda Thatcher21 September 1983

Stuttgart · Government / Conservative Party Government

Meets Khohl, they agree to forward CAP reforms from Stuttgart to the Athens Summit

Geoffrey Howe1983

London · Government / Conservative Party Government

Geoffrey Howe presents the 1983 Budget to the House of Commons as Chancellor of the Exchequer.

1984

Nigel Lawson1984

Government / Conservative Party Government

The 1984 budget lowers corporate taxes by a combination of reduced rates and reduced allowances. Abolishes Investment Income Surcharge & National Insurance Surcharge

Nigel Lawson1984

London · Government / Conservative Party Government

Nigel Lawson presents the 1984 Budget to the House of Commons as Chancellor of the Exchequer.

1985

Nigel Lawson1985

Government / Conservative Party Government

Raises personal income tax allowances well above inflation

Nigel Lawson1985

London · Government / Conservative Party Government

Nigel Lawson presents the 1985 Budget to the House of Commons as Chancellor of the Exchequer.

1986

Nigel Lawson1986

Government / Conservative Party Government

Cuts basic rate of income tax by 1 penny.

Nigel Lawson1986

Government / Conservative Party Government

Introduces Personal Equity Plans to encourage personal investment.

Nigel Lawson1986

Government / Conservative Party Government

Introduces a bold scheme to turn Britain into a nation of share-owners, the most generous package ever for charities and a series of tax changes targeted on average earners.

Nigel Lawson1986

Government / Conservative Party Government

Resumes the reduction of the standard rate of personal Income Tax from the 30% rate to which it had been lowered in Sir Geoffrey Howes 1979 budget.

Nigel Lawson1986

London · Government / Conservative Party Government

Nigel Lawson presents the 1986 Budget to the House of Commons as Chancellor of the Exchequer.

1987

Nigel Lawson1987

Government / Conservative Party Government

Cuts two pence off the basic rate of income tax

Nigel Lawson1987

London · Government / Conservative Party Government

Nigel Lawson presents the 1987 Budget to the House of Commons as Chancellor of the Exchequer.

1988

Nigel Lawson1988

Government / Conservative Party Government

Establishes a rate of income tax at 40% & a reduction of the basic rate of tax to 25%. Abolishes all higher rates of tax apart from the 40 per cent rate, and increased the main income tax personal allowances by double the rate of inflation

Nigel Lawson1988

London · Government / Conservative Party Government

Nigel Lawson presents the 1988 Budget to the House of Commons as Chancellor of the Exchequer.

1989

Nigel Lawson1989

London · Government / Conservative Party Government

Nigel Lawson presents the 1989 Budget to the House of Commons as Chancellor of the Exchequer.

1990

Norman Lamont20 March 1990

London · Government / Conservative Party Government

Presents the Budget Statement to the House of Commons

John Roy MajorMarch 1990

London · Government / Conservative Party Government

Delivers the budget in the House of Commons

John Roy Major1990

London · Government / Conservative Party Government

John Roy Major presents the 1990 Budget to the House of Commons as Chancellor of the Exchequer.

1991

Norman Lamont1991

London · Government / Conservative Party Government

Norman Lamont presents the 1991 Budget to the House of Commons as Chancellor of the Exchequer.

1992

Norman Lamont1992

London · Government / Conservative Party Government

Norman Lamont presents the 1992 Budget to the House of Commons as Chancellor of the Exchequer.

1993

Norman Lamont1993

London · Government / Conservative Party Government

Norman Lamont presents the 1993 Budget to the House of Commons as Chancellor of the Exchequer.

1994

John Roy Major26 November 1994

London · Government / Conservative Party Government

The European Finance Bill is passed

Kenneth Clarke30 November 1994

London · Government / Conservative Party Government

Presents the budget for 1995-96, proposes cutting spending but not reducing taxes

Kenneth Clarke7 December 1994

London · Government / Conservative Party Government

Announces an increase in interest rates from 6.25% to 5.75%

Kenneth Clarke8 December 1994

London · Government / Conservative Party Government

Increases tax on petrol, cigarettes & alcohol

Kenneth Clarke1994

London · Government / Conservative Party Government

Kenneth Clarke presents the 1994 Budget to the House of Commons as Chancellor of the Exchequer.

1995

Kenneth Clarke1995

London · Government / Conservative Party Government

Kenneth Clarke presents the 1995 Budget to the House of Commons as Chancellor of the Exchequer.

1996

Kenneth Clarke1996

London · Government / Conservative Party Government

Kenneth Clarke presents the 1996 Budget to the House of Commons as Chancellor of the Exchequer.

2015

George Osborne2015

London · Government / Conservative Party Government

George Osborne presents the 2015 Budget to the House of Commons as Chancellor of the Exchequer.

2016

George Osborne2016

London · Government / Conservative Party Government

George Osborne presents the 2016 Budget to the House of Commons as Chancellor of the Exchequer.

2017

Philip Hammond2017

London · Government / Conservative Party Government

Philip Hammond presents the 2017 Budget to the House of Commons as Chancellor of the Exchequer.

2018

Philip Hammond2018

London · Government / Conservative Party Government

Philip Hammond presents the 2018 Budget to the House of Commons as Chancellor of the Exchequer.

2020

Rishi Sunak2020

London · Government / Conservative Party Government

Rishi Sunak presents the 2020 Budget to the House of Commons as Chancellor of the Exchequer.

2021

Rishi Sunak2021

London · Government / Conservative Party Government

Rishi Sunak presents the 2021 Budget to the House of Commons as Chancellor of the Exchequer.

2023

Jeremy Hunt2023

London · Government / Conservative Party Government

Jeremy Hunt presents the 2023 Budget to the House of Commons as Chancellor of the Exchequer.

Names involved

Alan Arthur WaltersAnthony BarberDerick Heathcoat AmoryEdward Richard George HeathGeoffrey HoweGeorge OsborneGoschen Goschen, 1stJeremy HuntJohn Roy MajorKenneth ClarkeMargaret Hilda ThatcherMaurice Harold MacMillan Stockton, 1stNigel LawsonNorman LamontPhilip HammondRandolph Henry Spencer-ChurchillReginald MaudlingRichard Austen Butler Saffron WaldenRishi SunakRobert BoothbyWilliam Ewart GladstoneWinston Leonard Spencer Churchill

Provenance

This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.