2012 United Kingdom budget
| Budget 2012 | |
|---|---|
| Presented | Wednesday 21 March 2012 |
| Parliament | 55th |
| Party | Coalition government |
| Chancellor | George Osborne |
| Total revenue | £592 billion (38.5% of 2011 GDP) |
| Total expenditures | £682 billion (45% of 2011 GDP) |
| Deficit | £90 billion (6% of 2011 GDP) |
| Website | 2012 Budget |
|
‹ 2011 2013› | |
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The 2012 United Kingdom budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday 21 March 2012.
It was the third budget of the Conservative-Liberal Democrat coalition government that was formed in 2010, and also the third to be delivered by Osborne.
Its key points included a rise in the personal tax allowance, a cut in the top rate of income tax and in the rate of corporation tax, and a new level of stamp duty on high-value properties.