William Ewart Gladstone1859
Raises a budget to pay for the war with China raising income tax from 5d to 9d
Great Britain · Government / Conservative Party Government. Chronological records rendered directly from the World History Database.
Raises a budget to pay for the war with China raising income tax from 5d to 9d
Churchill's budget combines the gold-standard announcement with reductions in the standard rate of income tax.
Due to a trade surplus 6d is taken off the standard rate of income tax
Cuts income tax, purchase tax & the price of beer & restores investment allowances
Cuts income tax, reduces subsidies, replaces industrial grants with tax incentives. Cuts income tax by 2 1/2 pence
Through a sleight of hand, the extra revenue Walters wished to raise was secured by freezing income tax thresholds
Tax allowances are raised by 14%, 1.75 million are taken out of income tax
Raises personal income tax allowances well above inflation
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. Cuts basic rate of income tax by 1 penny
Cuts two pence off the basic rate of income tax
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
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