45
The date has been set for the
end of October and Labour
has already said there will
be some dif昀cult decisions.
Previously I have written
about the Budget but as this
was some time ago, I thought
it would be interesting to
revisit, especially with all the
history that surrounds it.
The Budget dates back to the
1720's and was created to try
and help public con昀dence
at the time.1 The Budget is
when the Chancellor of the
Exchequer unveils their plans
for the upcoming 昀scal year,
including the details of the
Government expenditure and
expected rates of taxation.
The briefcase in which the
statement is carried from the
Chancellor's residence to the
Houses of Parliament also has
a long history. The very 昀rst
was made of wood, in 1860
for William Gladstone, it was
covered in red leather and lined
with black silk, and although
Monetary Solutions Limited
Airport House,
Purley Way, Croydon
Surrey, CR0 0XZ
Tel No: 020 8760 9940
Fax No: 0870 460 1737
Website: www.monsols.co.uk
other briefcases have
been used, this one
had its 昀nal outing in
2010 under George
Osborne and is
currently exhibited in the
Cabinet War Rooms.2
The only time alcohol is allowed
to be consumed in the House
of Commons is when delivering
the Budget speech, although
recent Chancellors, both Gordon
Brown and George Osborne
opted for mineral water, others
such as Ken Clarke have used
this privilege3. Apparently, in 1868
Chancellor George Ward Hunt left
the Budget at home and ended
up delivering one of the shortest
Budget speeches in history after
delaying Parliament for some
considerable time.4
Proposed tax changes can come
into effect straight away at 6pm,
however any new taxes must be
debated and can also be rejected.
There is always a lot of
speculation in what the Budget
At Monetary Solutions Ltd, you can
book a free initial consultation about
any 昀nancial matters, so please call
us on 020 8760 9940.
___________________________
The information in this article is for
information only and must not be
considered as 昀nancial advice. We
always recommend that you seek
independentvivian@monsols.co.ukore
making any 昀nancial decisions.
020 8760 9940
vivian@monsols.co.uk
This is an advert
by Vivian Slattery of Monetary Solutions LtdThe Budget
contains but its secrecy
is respected and it's
not until the speech is
delivered that we can
be sure of its content.
Even after this it can be
dif昀cult to understand the
implications of the speech on our
own personal 昀nances. So if you
do want clari昀cation of what the
proposed changes mean to you
after the Chancellor's Budget
speech, why not pick up the
phone and utilise our free without
obligation consultation.
1History Hit, 26th October 2021
2The Sun newspaper, 2nd March 2021
3The Sun newinfo@purleypages.co.uk
4History Hit, 26th October 2021
TO ADVERTISE EMAIL: info@purleypages.co.uk
Oct 2024.qxp_Layout 1 17/09/2024 10:52 Page 45