Welcome to the Glazers Budget Report 2012 Newswire

21 March 2012

The Budget Statement

Chancellor of the Exchequer George Osborne pulled no punches when introducing his 2012 Budget, telling MPs: “This Budget rewards work. Britain is going to earn its way in the world – there is no other way to recovery.” This year, the Chancellor faced the challenge of trying to get Britain spending while also continuing to reduce the deficit. There were few surprises this year, with much of the Budget being widely reported in the media ahead of his statement to Parliament. As expected, there was a strong focus on simplifying the UK tax system – an issue the Chancellor raised in last year’s Budget – and cracking down on tax evasion.

• Summary of key proposals
• Setting the scene
• Duty
• Personal tax
• Business and enterprise
• Tax evasion and tax avoidance
• Pensions and benefits
• Homes, transport and infrastructure
• Official documents from George Osborne’s 2012 Budget