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The 1989 United Kingdom budget was delivered by Nigel Lawson, the Chancellor of the Exchequer, to the House of Commons on 14 March 1989. It was the sixth and final budget to be presented by Lawson during his tenure as Chancellor, and took a much more cautious approach to the UK economy than previous budgets delivered by Lawson.
The number of mortgages increased by a fifth during the second and third quarters of 1988 compared to the same period in 1987, and within a few months of the 1988 budget, interest rates had doubled. By then, inflation had increased significantly, and the UK was running its largest ever balance-of-payment deficit.
Nigel Lawson was born on 11 March 1932 to a non-Orthodox Jewish family [3] living in Hampstead, ... Lawson also changed the budget deficit from £10.5 billion ...
Just a few months later Lawson had to double interest rates and the UK was running its largest ever balance-of-payments deficit. [1] Critics of Lawson assert that a combination of the abandonment of monetarism, the adoption of a de facto exchange-rate target of 2.95 deutschmarks to the pound, and excessive fiscal laxity (in particular the 1988 ...
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The 1987 United Kingdom budget was delivered by Nigel Lawson, the Chancellor of the Exchequer, to the House of Commons on 17 March 1987. It was the fourth budget to be presented by Lawson, and saw him announce tax cuts worth £2.6bn. He also forecast a £3bn reduction in government borrowing.
The Chancellor said he will use his spring Budget to slash taxes in a way that is ‘both affordable and boosts our growth’. Jeremy Hunt compares himself to Nigel Lawson as he promises more tax cuts