The government is today publishing the 2010 Finance Bill. The Bill will enact the key tax measures at the heart of the Emergency Budget package, to cut the unprecedented deficit, deliver fairness and promote enterprise.
In addition to this Finance Bill, which will quickly enact the government’s priorities, there will be a further bill in the autumn. This will introduce minor, technical measures announced by the previous government and will be published in draft later this month, to allow thorough pre-legislative scrutiny.
The Exchequer Secretary David Gauke MP said:
The government’s inheritance was one of debt and unsustainable spending. We are taking the decisive action needed to pay for the past and plan for the future. That is why today we are legislating the key measures at the heart of our comprehensive five-year plan to put the British economy back on track.
We have made the tough choices needed to get our borrowing down, but we will do it in a way that is fair, protects the vulnerable and supports businesses across Britain.
Notes for editors
The Lobby Notes, published today, briefly describe the clauses and schedules in the Bill and can be found on the HM Treasury website.
More detailed Explanatory Notes on clauses are available from Stationery Office bookshops and also on HM Treasury website.
Further details on the Bill will be published on the Parliament website (opens in new window) and HM Treasury and HM Revenue & Customs websites as the Bill progresses through Parliament.
Impact Assessments were published on 22 June and can be found on the HM Treasury June Budget pages and the HM Revenue & Customs’ website (opens in new window).
Non-media enquiries should be addressed to the Treasury Correspondence and Enquiry Unit on 020 7270 4558 or by e-mail to email@example.com
Media enquiries should be addressed to the Treasury Press Office on 020 7270 5238.