- Spending Review
- Enterprise & productivity
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- Taxation, work and welfare
- UK economy
23 March 2011
The Chancellor, George Osborne, presented the 2011 Budget on 23 March.
The Government’s economic policy objective is to achieve strong, sustainable and balanced growth that is more evenly shared across the country and between industries.
This Budget builds on action announced in the Spending Review 2010 and the June Budget 2010 last June to rebalance the economy from unsustainable public spending towards exports and investment. This should support the UK’s long-term economic potential and help to create new jobs.
A strong and stable economy is essential for lasting prosperity. The Budget sets out a fiscally-neutral package of measures that means the Government remains on course to deliver its plan to tackle the deficit.
The Government’s 'Plan for Growth', published at Budget, sets out a package of measures to support private sector investment, enterprise and innovation. This includes measures to increase the competitiveness of the UK tax system; reduce the burden of regulation; and increase incentives for business investment.
Fairness is central to the Government’s economic policy. The Budget sets out the next steps in realising a fair, simple and efficient tax, benefit and pensions system that rewards work, saving and personal responsibility.
For the first time, the Government has published a single supplementary document containing further details on all tax changes announced at Budget.
Find out what action was announced in the Budget for your part of the country with our interactive map.
Learn more about what the Budget is and the history of the Budget and Chancellors.
We’ve produced a summary of the impact on households of personal tax changes, tax credits, benefits and indirect tax changes being implemented in 2012-13.