2009 United Kingdom budget

None United Kingdom Budget 2009 United Kingdom 2008 United Kingdom budget 2008 March 2010 United Kingdom budget March 2010 Royal Coat of Arms of the United Kingdom (HM Government).svg 250px 22 April 2009 54th Labour Alistair Darling £496 billion‡ (29% of 2008 GDP) £671 billion (40% of 2008 GDP) £175 billion (10.5% of 2008 GDP) Budget 2009: Building Britain's Future ‡Numbers in italics are projections. thumb|450px|Pie chart of UK central government expenditure, 2009-10. The 2009 United Kingdom Budget, officially known as Budget 2009: Building Britain's Future, was formally delivered by Alistair Darling in the House of Commons on 22 April 2009. It introduced new tax, spending and debt rises in a financial environment of rising unemployment and recession.http://news.bbc.co.uk/1/hi/uk_politics/8012662.stm Budget signals new political era Ben Wright BBC 22 April 2009 23 April 2009 https://web.archive.org/web/20090425055558/http://news.bbc.co.uk/1/hi/uk_politics/8012662.stm 25 April 2009 live Details To stimulate the motor industry, a £2,000 scrappage allowance was announced for a car more than 10 years old, if it is traded in for a new car and if it has been in the car buyer's ownership for the previous 12 months. £1,000 of this was to be provided by the government, and £1,000 by a motor manufacturer. The scheme started about mid-May 2009 and was planned to finish at the end of February 2010; however, before it was due to end, it was extended by one month, to the end of March 2010. http://www.carscrappage.co.uk/ Car Scrappage Scheme Extended! 2010 2010-05-21 www.carscrappage.co.uk https://web.archive.org/web/20100528152514/http://www.carscrappage.co.uk/ 28 May 2010 dead dmy-all For high earners, a 50% tax band was announced for earners of over £150,000 per year to start in April 2010,http://news.bbc.co.uk/1/hi/uk_politics/8011882.stm At-a-glance: Budget 2009 BBC 22 April 2009 23 April 2009 https://web.archive.org/web/20090425061209/http://news.bbc.co.uk/1/hi/uk_politics/8011882.stm 25 April 2009 live and tax relief on pension contributions was reduced progressively from 40% to 20% for annual incomes between £150,000 and £180,000 and to 20% above £180,000 commencing April 2011.http://news.bbc.co.uk/1/hi/business/8010917.stm Pensions blow for higher earners BBC 22 April 2009 23 April 2009 https://web.archive.org/web/20090425060206/http://news.bbc.co.uk/1/hi/business/8010917.stm 25 April 2009 live Starting in April 2010, those with annual incomes over £100,000 would see their Personal allowance reduced by £1 for every £2 earned over £100,000, until the Personal allowance was reduced to zero, which (in 2010) would occur at an income of £112,950. This had the effect of creating an anomalous effective 60% marginal tax rate in the income band between £100,000 and £112,950, with the marginal tax rate returning to 40% above £112,950. As the Personal allowance has grown over the years, this has resulted in a corresponding increase in the size of the anomalous effective 60% tax band. As of 2018, the effective 60% marginal tax rate now arises for incomes between £100,000 and £123,700.January 2024 For savers, limits in Individual Savings Account (ISA) accounts were increased in two phases to a total of £10,200, including an additional £1,500 to the previous upper limit of £3,600 in a cash ISA. The first phase is for those over age 50 years, who can contribute additional amounts from 6 October 2009. Taxes Receipts 2009-10 Revenues (£bn) Income Tax 141 Value Added Tax (VAT) 64 National Insurance 98 Excise duties 44 Corporate Tax 35 Council Tax 25 Business rates 24 Other 67 Total Government revenue 496 Spending Department 2009-10 Expenditure (£bn) Social protection 189 Health 119 Education 88 Debt interest 28 Defence 38 Public order and safety 35 Personal social services 31 Housing and Environment 29 Transport 23 Industry, agriculture and employment 20 Other 72 Total Government spending 671 See also Budget of the United Kingdom References External links Darling announces UK budget for 2009 Budget 2009: Building Britain's future, HM Treasury web page (now at The National Archives) http://news.bbc.co.uk/1/hi/business/8012599.stm Budget 2009 speech in full 22 April 2009 BBC 23 April 2009 https://web.archive.org/web/20090424072253/http://news.bbc.co.uk/1/hi/business/8012599.stm 24 April 2009 live https://downloads.bbc.co.uk/news/nol/shared/bsp/hi/pdfs/22_04_09bud09_completereport_2591.pdf Complete Budget report 23 April 2009 https://web.archive.org/web/20090521070314/http://downloads.bbc.co.uk/news/nol/shared/bsp/hi/pdfs/22_04_09bud09_completereport_2591.pdf 21 May 2009 live Budget 2009 United Kingdom budget Category:April 2009 in the United Kingdom