Menu
23/02/2005
Brown sets March 16 date for Budget
Chancellor Gordon Brown has announced that he will deliver his next Budget to the House of Commons on March 16.
The Budget speech will be delivered at 12:30 GMT, just after Prime Minister's Question Time.
The annual speech in which the Chancellor outlines government taxation and broader economic predictions will be Mr Brown's eighth since Labour came to power in 1997. It is widely expected to be the last before a General Election is called.
The Conservative's Shadow Chancellor, Oliver Letwin, warned voters of Labour's 'hidden tax agenda' following the announcement of the Budget. Mr Letwin said: "We can be sure of two things: the Budget will contain measures to attract votes, and it will not contain the £8 billion of tax rises which independent experts say are inevitable if Labour wins the election."
Accountancy firm Ernst and Young have urged the Chancellor to focus on the economy's long-term needs instead of party politics in the Budget.
Aidan O'Carroll, the firm's head of tax, said: "In the Budgets that were given immediately before the last six elections, taxes were cut by the incumbent chancellor and, in many cases, taxes were increased soon after the election result."
(KMKcA/SP)
The Budget speech will be delivered at 12:30 GMT, just after Prime Minister's Question Time.
The annual speech in which the Chancellor outlines government taxation and broader economic predictions will be Mr Brown's eighth since Labour came to power in 1997. It is widely expected to be the last before a General Election is called.
The Conservative's Shadow Chancellor, Oliver Letwin, warned voters of Labour's 'hidden tax agenda' following the announcement of the Budget. Mr Letwin said: "We can be sure of two things: the Budget will contain measures to attract votes, and it will not contain the £8 billion of tax rises which independent experts say are inevitable if Labour wins the election."
Accountancy firm Ernst and Young have urged the Chancellor to focus on the economy's long-term needs instead of party politics in the Budget.
Aidan O'Carroll, the firm's head of tax, said: "In the Budgets that were given immediately before the last six elections, taxes were cut by the incumbent chancellor and, in many cases, taxes were increased soon after the election result."
(KMKcA/SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
23 January 2023
Baker Tilly Mooney Moore Appoints New Tax Director
Accountancy and advisory firm Baker Tilly Mooney Moore has welcomed two new tax professionals to its growing team. With over 25 years' tax advisory experience in Northern Ireland, Neil Armstrong joins the practice as Tax Director.
Baker Tilly Mooney Moore Appoints New Tax Director
Accountancy and advisory firm Baker Tilly Mooney Moore has welcomed two new tax professionals to its growing team. With over 25 years' tax advisory experience in Northern Ireland, Neil Armstrong joins the practice as Tax Director.
22 November 2010
Fianna 'Failed' The Irish People
After weeks of speculation, the Irish Government has formerly applied for an economic rescue package from Europe. Taoiseach Brian Cowen and Finance Minister Brian Lenihan on Saturday night confirmed Europe agreed to the opening of formal negotiations to allow Ireland to seek financial assistance.
Fianna 'Failed' The Irish People
After weeks of speculation, the Irish Government has formerly applied for an economic rescue package from Europe. Taoiseach Brian Cowen and Finance Minister Brian Lenihan on Saturday night confirmed Europe agreed to the opening of formal negotiations to allow Ireland to seek financial assistance.
25 September 2009
Work Planned For 100 NI Schools
The Stormont Executive is providing new buildings for over 100 local schools, Finance Minister Sammy Wilson has said Mr Wilson was speaking during a visit to the construction site at Banbridge Academy. He stressed the importance of investing in new school buildings. "The Executive is committed to investing in the future of Northern Ireland.
Work Planned For 100 NI Schools
The Stormont Executive is providing new buildings for over 100 local schools, Finance Minister Sammy Wilson has said Mr Wilson was speaking during a visit to the construction site at Banbridge Academy. He stressed the importance of investing in new school buildings. "The Executive is committed to investing in the future of Northern Ireland.
21 April 2009
Tesco 'Missing Out' On Cross-Border Shoppers
Tesco - while making billions in the UK - is having a harder time in the Republic of Ireland. According to an internal memo obtained by a grocery trade journal, Tesco is being forced to cut prices in the Republic, and the supermarket giant is concerned that like-for-like sales are "well below expectations".
Tesco 'Missing Out' On Cross-Border Shoppers
Tesco - while making billions in the UK - is having a harder time in the Republic of Ireland. According to an internal memo obtained by a grocery trade journal, Tesco is being forced to cut prices in the Republic, and the supermarket giant is concerned that like-for-like sales are "well below expectations".
29 September 2010
Exchequer Cuts To Be 'Careful'
NI's budget share from the UK Exchequer will be reduced by £2bn over four years. That's the bad news emanating from yesterday's meeting between the First and Deputy First Ministers and the Chancellor, George Osborne in London.
Exchequer Cuts To Be 'Careful'
NI's budget share from the UK Exchequer will be reduced by £2bn over four years. That's the bad news emanating from yesterday's meeting between the First and Deputy First Ministers and the Chancellor, George Osborne in London.
-
Northern Ireland WeatherThis Evening and Tonight:A dry evening with late sunny spells and some long clear spells overnight. Becoming cloudier across the north towards dawn with a few showers possible. Touch of frost in south. Minimum temperature 0 °C.
