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Mini-budget may refer to: July 2020 United Kingdom summer statement, also known as the Coronavirus mini-budget; September 2020 United Kingdom Winter Economy Plan, sometimes referred to as a mini-budget; September 2022 United Kingdom mini-budget, a fiscal event that led to market disruption and the fall of the Liz Truss government
On 23 September 2022, the Chancellor of the Exchequer, Kwasi Kwarteng, delivered a Ministerial Statement entitled "The Growth Plan" to the House of Commons. [1] [2] Widely referred to in the media as a mini-budget (it not being an official budget statement), it contained a set of economic policies and tax cuts such as bringing forward the planned 1% cut in the basic rate of income tax to 19% ...
Legislative action on the proposed budget generally aligned with the executive's original budget request; failure to carry the budget would regarded as tantamount to a vote of no confidence. Since November 2017 the budget was moved to the Autumn, with a view to passing the Finance Act before the commencement of the Financial Year.
In response, the budget reconciliation acts of 1985, 1986, and 1990 adopted the "Byrd Rule" (Section 313 of the Budget Act). [1] The Byrd Rule allows Senators to raise points of order (which can be waived by a three-fifths majority of Senators [ 2 ] ) against provisions in the reconciliation bills that are "extraneous".
The July 2020 United Kingdom summer statement (also known as the coronavirus mini-budget [1]) was a statement from the British Government, or mini-budget statement, delivered on 8 July 2020 by Rishi Sunak, the Chancellor of the Exchequer. It followed the budget delivered earlier in the year, and preceded the Winter Economy Plan.
The 1990 United Kingdom budget was delivered by John Major, the Chancellor of the Exchequer, to the House of Commons on 20 March 1990. It was the only budget to be delivered by Major during his tenure as Chancellor, [1] and the twelfth and final budget to be presented by the Conservative government of Margaret Thatcher, who would resign as prime minister later that year. [2]
The Cold War was a period of global geopolitical rivalry between the United States (US) and the Soviet Union (USSR) and their respective allies, the capitalist Western Bloc and communist Eastern Bloc, which lasted from 1947 until the dissolution of the Soviet Union in 1991.
The 1984 United Kingdom budget was delivered by Nigel Lawson, the Chancellor of the Exchequer, to the House of Commons on 13 March 1984. It was the first budget to be presented by Lawson, who had been appointed as chancellor after the 1983 general election , and saw him embark on "a radical programme of tax reform".