Archive of 22 June 2010
Emergency Budget: The axe falls
Britain faces tough times ahead following an emergency Budget which raised VAT and ended a raft of welfare payments.
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Emergency Budget: VAT rises to 20%
VAT is to rise from 17.5% to 20%, as was widely expected.
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Emergency Budget: Capital gains increase watered down
Capital gains tax for high-earners is to rise from 18% to 28%, rather than the 40% some had forecast.
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Emergency Budget: Public sector pay frozen for two years
Public sector pay will be frozen for two years for those earning more than £21,000 a year, the chancellor announced in today's Budget.
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Emergency Budget: Child benefit frozen for three years
Child benefit will be frozen for the next three years, the chancellor announced in his Budget today.
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Emergency Budget: Civil list to face public audit
Plans for the National Audit Office (NAO) to be made responsible for auditing the civil list accounts from 2012 were included in the Budget announcement.
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Clegg faces first deputy PMQs
Nick Clegg faced his first Commons questions today, as the hastily created deputy prime minister's questions takes place.
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Poll suggests need for cuts sinking in
Politicians' repeated messages about the need for spending cuts appears to be winning over the public.
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Emergency Budget: Sin taxes avoid further increases
There will be no increase in alcohol or tobacco duties, the chancellor announced today.
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Emergency Budget: Tax breaks for small businesses
Small businesses' corporation tax will be reduced to 20% next year, the chancellor announced in his Budget today.
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Emergency Budget: Only NHS and international aid ringfenced
The chancellor confirmed today that only the NHS and international aid budgets would be protected from cuts.
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Labour-Tory tussle for crucial backbench role
MPs are voting to decide who will be the first chair of the Commons' critical backbench business committee.
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Emergency Budget: Income tax allowance increased
The personal income tax allowance will be increased by £1,000 in April 2011.
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Emergency Budget: Osborne freezes council tax
Council tax is to be frozen nationally for a year, chancellor George Osborne confirmed in the emergency Budget.
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Emergency Budget: Osborne imposes levy on the banks
The chancellor George Osborne has announced a levy on UK banks and building societies that will raise more than £2 billion a year.
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Lib Dems in 'state of flux'
Liberal Democrat MPs are in the final stages of negotiations about how to retain their party's independent identity while remaining in government.
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