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Budget 2007

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FTSE 100 6251 0.58% Key points from the Budget in brief
FTSE 100 chart
  • Basic income tax down from 22p to 20p from April 2008
  • Top rate tax threshold up to £43,000 by 2009
  • Fuel duty up by 2p per litre this year, deferred until October
  • Cigarettes up 11p but VAT down to 5% for nicotine replacements
  • Beer up 1p per pint, cider up 1p per litre, spirits duty is frozen
  • Road tax - top rate to rise to £300 immediately, £400 the following year
  • Inheritance tax threshold rises to £350,000
  • Corporation tax for small companies rises to 22%

    The Budget: Analysis and key points
 
Have Your Say
Picture of Gordon Brown

MoD gets go-ahead to free up funds [at Financial Times] - Financial Times - Thu 15 May, 11:20 PM
Gordon Brown has agreed to let the cash-strapped Ministry of Defence free up hundreds of millions of pounds by breaking one of its main accounting rules so it can finally give the go-ahead to a £4bn contract for two aircraft carriers.

Brown hopes for rate cuts - Reuters - Thu 15 May, 07:39 PM
Prime Minister Gordon Brown denied on Thursday that his tax policies were breaking the government's fiscal rules and said he hoped the Bank of England would be able to cut interest rates further.

Review of drinking laws after UEFA Cup trouble - Reuters - Thu 15 May, 06:49 PM
The government will review police powers to stop violent public drunkenness, fearing clashes surrounding Wednesday's UEFA Cup final in Manchester may hinder bids to host major football events, Prime Minister Gordon Brown said.

Drinking powers review after UEFA Cup trouble - Reuters - Thu 15 May, 05:06 PM
The government will review police powers to stop violent public drunkenness, fearing clashes surrounding Wednesday's UEFA Cup final in Manchester may hinder bids to host major soccer events, Prime Minister Gordon Brown said.

Brown says new economic cycle has begun - Reuters - Thu 15 May, 01:47 PM
The economy has begun a new economic cycle, Prime Minister Gordon Brown said on Thursday.

Brown to save economy - ShareCast - Thu 15 May, 11:32 AM
LONDON (ShareCast) - Gordon Brown is the still man to get the British economy back on course, the prime minister claimed today.

Brown hopes Bank can cut interest rates further - Reuters - Thu 15 May, 08:39 AM
Prime Minister Gordon Brown denied on Thursday that his tax policies were breaking the government's fiscal rules and said he hoped the Bank of England would be able to cut interest rates further.

Brown says hopes Bank can cut rates further - Reuters - Thu 15 May, 08:26 AM
Prime Minister Gordon Brown said on Thursday he hoped the Bank of England, which has already cut interest rates three times since December, would be able to cut rates further.

Brown's best shot is a clearer focus [at Financial Times] - Financial Times - Wed 14 May, 06:40 PM
This week Gordon Brown checked the flames of revolt that have been sweeping through the Labour party.

Cameron must not shirk the Scottish problem [at Financial Times] - Financial Times - Wed 14 May, 06:15 PM
The current Scottish political scene is dominated by Alex Salmond, the nationalist first minister, and his two principal adversaries, Gordon Brown, the UK prime minister, and Wendy Alexander, Labour leader in the Scottish parliament.


Brown targets families in fight back 06:10 PM [ Reuters]
Brown announces housing aid and banking reforms 01:21 PM [ Reuters]
Brown to offer help to homeowners in fightback 11:16 AM [ Reuters]
Brown to reveal housing market plan 10:30 AM [ Reuters]
UK govt to reveal plans for home buyers, banking regulation reforms 12:16 AM [ AFX ]


UK's Darling to make statement on compensation for losers on 10p tax abolition 11:56 AM [ AFX ]
Brown ally attacks Labour MP Field 07:21 PM [ Reuters]
Brown starts fightback with policy promises 07:20 PM [ Reuters]
Brown to outline government plans 03:43 PM [ Reuters]
Health Secretary defends Brown 02:17 PM [ Reuters]


Besieged Brown to publish draft UK legislative programme on Wednesday 12:32 PM [ AFX ]
Minister urges end to Brown "character assassination" 09:31 AM [ Reuters]

Brown fights back as popularity plummets [at Financial Times] 09:30 PM [ Financial Times ]
Russian leader to meet Brown at G8 05:25 PM [ Reuters]
Leaders of Britain, Russia to meet on sidelines of G8 - Kremlin 04:49 PM [ AFX ]


Brown to fight against Scottish independence 11:48 AM [ Reuters]
Prescott memoirs are new blow for Brown 10:16 AM [ Reuters]
Cherie Blair says Brown taking tips from Blair 07:36 AM [ Reuters]
Brown reported to offer flexible working to more parents 11:45 AM [ Reuters]
Poll gives Brown's Labour lowest-ever rating 10:28 AM [ Reuters]


N Ireland Unionists hold out on terror bill [at Financial Times] 10:40 PM [ Financial Times ]
Broken promises [at Financial Times] 06:35 PM [ Financial Times ]
Brown bats off taunts after poll rout 02:53 PM [ Reuters]
Poll puts Labour 11 points behind 10:52 AM [ Reuters]
Government to rule on cannabis 12:25 AM [ Reuters]


Why the big tent cannot save Brown [at Financial Times] 07:10 PM [ Financial Times ]
Manufacturers say lost confidence in Brown 08:41 AM [ Reuters]
Brown to host U.N. poverty summit 02:40 AM [ Reuters]
Brown seeks to quell revolt after elections 11:18 AM [ Reuters]
Gordon Brown insists he can fight back 10:27 AM [ Reuters]


Brown says he can recover from British poll debacle 03:41 PM [ AFX ]
Brown insists his party can recover 03:20 PM [ Reuters]
Brown calls for pressure on OPEC on oil price 11:40 AM [ Reuters]
Labour vows to learn lessons of defeat 09:22 PM [ Reuters]
Johnson wins London mayor race 12:02 PM [ Reuters]


Labour loses London 01:34 AM [ Reuters]

A black and blue Brown [at Financial Times] 11:20 PM [ Financial Times ]
Brown punished in local elections 03:21 PM [ Reuters]
Brown mauled in local elections 12:29 PM [ Reuters]
Brown admits UK local election results 'bad' 10:42 AM [ AFX ]

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