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HM Treasury

Budget

Budget 2013

The Chancellor of the Exchequer delivered his Budget to Parliament on 20 March 2013, alongside the publication of the Office for Budget Responsibility’s updated forecasts for growth and borrowing (opens in new window)

The Government’s plan for the economy, first set out in June Budget 2010, is based on:

This Budget will help those who aspire to work hard and get on, buy a home, start a business or save for retirement.

The economy and public finances

The ongoing impact of the financial crisis, the euro area crisis and the effect of inflation on incomes and business costs, have produced a more subdued and uneven recovery than expected. In response, this Budget announces:

Growth

This Budget sets out further action to build a stronger economy, with help for UK businesses to create jobs - and help for people to buy their own home, including:

Fairness

This Budget includes measures to build a fairer society by making the tax and welfare system fairer, by supporting aspiration and by keeping costs down for households and business, including:

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