Budget measures 2010
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ABCDEFGH
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ORDERTax measures announced at this BudgetAREA2010-112011-122012-132013-142014-15
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1VAT: increase main rate to 20% from 4 January 2011 Tax: Deficit Reduction2,85012,10012,50012,95013,450
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2Insurance Premium Tax: increase standard rate to 6% and higher rate to 20% from 4 January 2011 Tax: Deficit Reduction115455445455455
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3Corporation Tax: decrease to 27% in 2011-12, 26% in 2012-13, 25% in 2013-14 and 24% from 2014-15 2 Tax: Enterprise and growth–10 –400 –1,200 –2,100 –2,700
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4Small Profits Rate: decrease to 20% from 2011-12 Tax: Enterprise and growth0–100 –1,000 –1,300 –1,400
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5Capital allowances: decrease main rate to 18% and special rate to 8% from 2012-13 Tax: Enterprise and growth001,0001,9001,800
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6Annual Investment Allowance: decrease to £25,000 from 2012-13 Tax: Enterprise and growth001001,2001,000
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7Video games tax relief: not introduce Tax: Enterprise and growth040505050
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8Bank Levy: introduce from January 2011 Tax: Enterprise and growth01,1502,3202,5002,400
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9Business rates: backdated bills in 2011-123 Tax: Enterprise and growth30–70 –15 –15 –15
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10Employer NICs: relief for new businesses in targeted regions Tax: Enterprise and growth–50 –320 –390 –180 0
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11Employer NICs: increase threshold in 2011-12 Tax: Enterprise and growth0–3,130 –3,150 –3,510 –3,720
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12Personal allowance: increase by £1,000 in 2011-12, with adjustments to basic rate limit and upper earnings limitTax: Fair taxes 0–3,490 –3,700 –3,770 –3,910
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13Basic rate limit: freeze in 2013-14 Tax: Fair taxes 000320740
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14Capital Gains Tax: increase rate for higher rate taxpayers to 28% and increase Entreprenuers’ Relief to £5 million from 23 June 2010Tax: Fair taxes 0725825850925
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15Council Tax: reduction to receipts due to a one year freeze in 2011-124 Tax: Fair taxes 0–625 –630 –635 –640
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16Landline duty: not introduce Tax: Fair taxes –90 –175 –175 –175 –175
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17Cider duty: reverse increase Tax: Fair taxes –10 –15 –15 –15 –20
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18Furnished holiday lettings: reverse plans to repeal existing rules Tax: Fair taxes –5 –30 –15 –10 –10
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19Managed payment plans: not introduce Tax: Fair taxes 0140000
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Total tax policy decisions Tax: Fair taxes 2,8306,2556,9508,5158,230
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20Changes to current spending Spending measures3,4656,83515,23021,70029,780
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21Changes to capital spending Spending measures1,7802,0202,0702,1202,160
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Total spending policy decisions Spending measures5,2458,85517,30023,82031,940
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Of which specific welfare measuresSpending measures3852,0104,7108,15011,040
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22Benefits, tax credits and public service pensions: switch to CPI indexation from 2011-12Spending measures01,1702,2403,9005,840
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23Disability Living Allowance: reform gateway from 2013-14Spending measures0003601,075
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24Lone parent benefits: extend conditionality to those with children aged 5 and above from October 2011Spending measures0050150180
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25Health in Pregnancy Grant: abolishSpending measures40150150150150
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26Sure Start Maternity Grant: apply to first child only from 2011-12Spending measures075757575
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27Support for Mortgage Interest: set payments at the average mortgage rate from October 2010Spending measures15–75 –10 4065
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28Saving Gateway: not introduce in July 2010Spending measures10075110115
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Housing Benefit reforms: Spending measures02206001,6401,765
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29Local Housing Allowance: set at the 30th percentile of local rents from 2011-12Spending measures065365415425
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30Deductions for non-dependents: reverse previous freezes on uprating and maintaining link with prices from 2011-12Spending measures0125225320340
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31Social sector: limit working age entitlements to reflect size of family from 2013-14 Spending measures000490490
37
32Switch to CPI indexation for Local Housing Allowance from 2013-14Spending measures000300390
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33Reduce awards to 90% after 12 months for claimants of Jobseekers AllowanceSpending measures000100110
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34Additional bedroom for carers from 2011-12 0 Spending measures0–15 –15 –15 –15
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35Local Housing Allowance: caps on maximum rates for each property size, with 4-bed limit from 2011-12Spending measures055657065
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36Additional Discretionary Housing Payments from 2011-12Spending measures0–10 –40 –40 –40
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37Tax credits second income threshold: reduce to £40,000 from 2011-12 Tax credit reforms: 0140145155145
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38First and second withdrawal rates: increase to 41% from 2011-12 Tax credit reforms: 0640710730765
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39Child Tax Credit: taper the family element immediately after the child element from 2012-13 Tax credit reforms: 00510515480
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40Child Tax Credit: remove the baby element from 2011-12 Tax credit reforms: 0295275270275
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41Working Tax Credit: remove the 50 plus element from 2012-13 Tax credit reforms: 00354040
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42Child Tax Credit: reverse the supplement for children aged one and two from 2012-13 Tax credit reforms: 00180180180
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43Reduce the income disregard from £25,000 to £10,000 for two years in 2011-12 then to £5,000 from 2013-14 Tax credit reforms: 0105140340420
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44Introduce an income disregard of £2,500 for falls in income from 2012-13 Tax credit reforms: 00550560585
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45New claims and changes of circumstances: reduce backdating from 3 months to 1 month from 2012-13 Tax credit reforms: 00315320330
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46Child Tax Credit: increase the child element by £150 in 2011-12 and £60 in 2012-13 above indexationTax credit reforms: 0–1,200 –1,845 –1,930 –1,995
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47Child Benefit: freeze rates for three years from 2011-12 Tax credit reforms: 0365695940975
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48Basic State Pension: introduce triple guarantee from 2011-12 Tax credit reforms: 00–195 –420 –450
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49Pension Credit Minimum Income guarantee: matching basic State Pension cash increase in 2011-12 Tax credit reforms: 0–415 –535 –535 –535
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50Child Trust Funds: phased abolition of Government contributions from 2010-11 Tax credit reforms: 320540550560560
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51TOTAL POLICY DECISIONS TOTAL POLICY DECISIONS 8,07515,11024,25032,33540,170
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52Memo: debt interest savings in the next Spending Review period as a result of policy decisionsVARIATIONS–820 1,0301,8103,020
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53Memo: total policy decisions excluding debt interest savings VARIATIONS8,07515,93023,22030,52537,150
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