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The Treasury today published 2010's second Finance Bill, which will enact the key tax measures at the heart of the so-called emergency Budget package.
There will be a further Bill published in the autumn (following Parliament's summer recess), devised to introduce minor, technical measures announced by the previous administration. It will be made available in draft form later this month to allow sufficient pre-legislative scrutiny.
Exchequer Secretary David Gauke remarked, 'The Government’s inheritance was one of debt and unsustainable spending. We are taking the decisive action needed to pay for the past and plan for the future.
'That is why today we are legislating the key measures at the heart of our comprehensive five-year plan to put the British economy back on track.
'We have made the tough choices needed to get our borrowing down, but we will do it in a way that is fair, protects the vulnerable and supports businesses across Britain,' said Mr Gauke.
