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
1. The Lobby Notes, published today, briefly describe the clauses
and schedules in the Bill and can be found on the: HM Treasury
website.
2. More detailed Explanatory Notes on clauses are available from
Stationery Office bookshops and also on HM Treasury website.
3. Further details on the Bill will be published on the
Parliament website and HM Treasury and HM Revenue &
Customs websites as the Bill progresses through Parliament.
4. Impact Assessments were published on 22 June and can be found
on the HM Treasury and HM Revenue & Customs'
(opens in new window) websites.
Non-media enquiries should be addressed to the Treasury
Correspondence and Enquiry Unit on 020 7270 4558 or by e-mail to
public.enquiries@hmtreasury.gsi.gov.uk
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