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Emergency Budget 2010: Speech headlines

The Chancellor has concluded his emergency Budget speech. We are now in the process of updating our Budget Report and putting together a series of news articles. However, the headline news from the Chancellor’s statement is:

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Emergency Budget 2010: Speech begins

The Chancellor, George Osborne has risen to his feet in the House of Commons at 12.30 pm and has embarked on what is regarded as one of the most important and far-reaching Budget speeches in a generation.

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Budget deficit shows signs of improvement

The UK’s budget deficit was lower than anticipated last month, suggesting that the country’s public finances have seen the worst of the recession.

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Economic recovery 'on track' but slow

The UK economy is making progress towards recovery, but the rate of growth is likely to remain sluggish, the CBI has said.

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All public spending should be under scrutiny, says BCC

No government department budgets should be firewalled against spending cuts, the British Chambers of Commerce (BCC) has argued.

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Tax changes should go 'hand-in-hand' with growth plans

The Chancellor must temper measures aimed at reducing the deficit in the public finances with plans to help businesses innovate, grow and employ, the Federation of Small Businesses (FSB) has said.

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Economic growth forecast is cut

The Office for Budget Responsibility (OBR), set up by the coalition government to provide independent economic forecasts, has predicted that rate at which the UK economy is likely to expand will be lower than previously estimated.

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Venture capitalists join opposition to CGT increase

A leading private equity organisation has warned of the harm that any significant rise in capital gains tax may do to the economy.

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