34:
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938:
161:
on certain bank deposits was introduced, in the form of a 2.5% levy on deposits of banking businesses, charged by reference to non-interest bearing sterling deposits in excess of £10 million averaged over the final three months of 1980. The tax was estimated to raise £400 million in total revenues
171:
Duties were raised significantly, with duty on petrol increased by 20p per gallon, duty on a packet of 20 cigarettes increased by 13p, duty on beer increased by 4p, duty on spirits increased by 60p, and duty on wine increased by 12p.
193:
newspaper which was strongly critical of the budget and expressed the view that there was "no basis in economic theory or supporting evidence" for its measures, and that it threatened the UK's "social and political stability".
138:
The budget was given during a time of significant economic malaise in the United
Kingdom, with unemployment having increased by almost one million in the prior 12 months and inflation running at around 15%.
165:
There was no increase in income tax personal allowances or tax rate thresholds, resulting in a significant real-terms income tax rise as inflation was around 15% per year at the time.
1250:
518:"Commentary (The Times) Budget: "Beating inflation key to recovery" (Harris letter on the 364 economists) ["charge sheet of those responsible for ... economic decline"]"
52:
502:"Commentary (The Times) Budget: "Beating inflation key to recovery" (Hayek letter on the 364 economists) ["lost generation of British economists ... panicky mob"]"
276:
1384:
180:
The budget was highly controversial. A number of
Conservative MPs walked out of the Commons while the chancellor was still speaking. The leader of the Opposition
1412:
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486:"Economy: Letter of the 364 economists critical of monetarism (letter sent to academics and list of signatories) [released 2012]"
388:"Economy: Letter of the 364 economists critical of monetarism (letter sent to academics and list of signatories) [released 2012]"
305:
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198:
130:
and high government borrowing which the UK was suffering at the time. The budget speech lasted for 91 minutes.
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crossed the floor of the House to join the SDP during a debate on the budget resolutions.
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said of it "This is a budget to produce over three million unemployed".
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One week after the budget was delivered, the
Conservative member
168:
The 25p rate of tax introduced by Labour in 1978 was abolished.
147:
The budget increased net taxes by £4 billion (in 1981 prices).
277:"Chancellor spares no one in struggle to beat inflation"
1052:
Vote of no confidence in the
Callaghan ministry (1979)
1820:
1031:Public Bodies (Admission to Meetings) Act (1960)
968:
548:
408:
470:"Economy: The 1981 budget - memoirs extract"
355:
187:A group of 364 economists wrote a letter to
1466:Statecraft: Strategies for a Changing World
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901:Government spending in the United Kingdom
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306:"How 364 economists got it totally wrong"
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1844:March 1981 events in the United Kingdom
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358:"Monetarism attacked by top economists"
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118:'s third budget and the second of the
982:
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536:
996:Prime Minister of the United Kingdom
122:. The budget represented a strongly
1164:"The lady's not for turning" (1980)
324:
13:
462:
14:
1855:
1802:
1801:
1556:(1984–1996 & 2020 TV series)
1322:Broadcasting restrictions (1988)
1060:
1004:Leader of the Conservative Party
937:
936:
911:Office for Budget Responsibility
444:"Were 364 economists all wrong?"
32:
1207:"White flags over Port Stanley"
520:. Margaret Thatcher Foundation
504:. Margaret Thatcher Foundation
488:. Margaret Thatcher Foundation
472:. Margaret Thatcher Foundation
415:Were all 364 Economists Wrong?
402:
390:. Margaret Thatcher Foundation
380:
356:Blake, David (30 March 1981).
349:
199:Christopher Brocklebank-Fowler
1:
420:Institute of Economic Affairs
216:
133:
1715:Palace of Westminster (2007)
1516:We have become a grandmother
1327:"Sermon on the Mound" (1988)
246:"Bygone budgets: March 1981"
175:
7:
1274:Local Government Act (1985)
204:
142:
108:Chancellor of the Exchequer
10:
1860:
1371:Resignation Honours (1990)
1343:Community Charge (1989–90)
1181:Irish hunger strike (1981)
845:September 2022 mini-budget
100:1981 United Kingdom budget
1779:
1748:
1728:
1702:
1675:
1609:The Long Walk to Finchley
1585:Jeffrey Archer: The Truth
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114:on 10 March 1981. It was
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68:
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48:
40:
31:
1829:1981 in British politics
1569:Thatcher: The Final Days
1450:The Downing Street Years
1258:Miners' strike (1984–85)
1839:1981 government budgets
1710:London Guildhall (1998)
1641:The Hunt for Tony Blair
120:first Thatcher ministry
1834:United Kingdom budgets
1736:Richard Stone portrait
1593:The Alan Clark Diaries
1279:rate-capping rebellion
1239:Brighton hotel bombing
1047:"Britain Awake" (1976)
1564:(1987–1991 TV series)
1268:Anglo-Irish Agreement
860:2023 autumn statement
850:2022 autumn statement
564:United Kingdom budget
335:"Budgets 1979 - 1992"
27:United Kingdom budget
1601:Pinochet in Suburbia
1453:(1993 autobiography)
1366:"No. No. No." (1990)
1245:GCHQ trade union ban
1202:Diana Gould exchange
1024:Member of Parliament
446:. BBC. 14 March 2006
1649:In Search of La Che
1527:Cultural depictions
916:Parliament Act 1911
828:Winter Economy Plan
310:The Daily Telegraph
28:
1577:The Falklands Play
281:The Glasgow Herald
162:(in 1981 prices).
63:Conservative Party
18:
1816:
1815:
1761:Death and funeral
1744:
1743:
1561:The New Statesman
1545:Anyone for Denis?
1458:The Path to Power
1413:General elections
1379:
1378:
984:Margaret Thatcher
950:
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337:. BBC. March 1997
150:A new 20% tax on
102:was delivered by
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1660:(2020 TV series)
1628:(2009 TV serial)
1604:(2006 docudrama)
1596:(2004 TV series)
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926:Spring Statement
891:Budget Broadcast
823:Summer statement
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463:Further reading
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312:. 15 March 2006
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283:. 11 March 1981
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1644:(2011 episode)
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1588:(2002 TV film)
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1553:Spitting Image
1549:
1548:(1982 TV play)
1540:
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1509:Alfred Roberts
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1503:Carol Thatcher
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1484:Denis Thatcher
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1348:Poll tax riots
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412:, ed. (2006).
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252:. 3 March 1999
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1497:Mark Thatcher
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1461:(1995 memoir)
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1355:Budget (1990)
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1338:Budget (1989)
1336:
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1332:Bruges speech
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1317:Budget (1988)
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1292:Budget (1986)
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1234:Budget (1984)
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1214:Budget (1983)
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1191:Falklands War
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1186:Budget (1982)
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1169:Budget (1981)
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1159:Budget (1980)
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1154:Budget (1979)
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896:Budget purdah
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808:November 2017
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673:November 1993
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410:Booth, Philip
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1082:Conservatism
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840:October 2021
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522:. Retrieved
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364:(60, 889): 1
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1756:Blatcherism
1668:(2024 film)
1652:(2011 film)
1636:(2011 film)
1620:(2009 film)
1612:(2008 film)
1580:(2002 play)
1572:(1991 film)
1309:(1987–1990)
1226:(1983–1987)
1146:(1979–1983)
1102:Premiership
1087:Free market
1077:Thatcherism
1015:(1959–1992)
1006:(1975–1990)
998:(1979–1990)
128:stagflation
106:, the then
1823:Categories
1793:John Major
1684:Handbagged
1537:television
1505:(daughter)
1486:(husband)
1174:Gang of 25
906:Money bill
886:Budget Day
865:March 2024
835:March 2021
803:March 2017
788:March 2015
758:March 2010
668:March 1993
593:April 1979
422:. p.
418:. London:
217:References
211:Gang of 25
157:A one-off
134:Background
124:monetarist
70:Chancellor
49:Parliament
1729:Paintings
1657:The Crown
1625:The Queen
1490:baronetcy
1251:CCSU case
1197:"Rejoice"
1110:Ministers
793:July 2015
763:June 2010
598:June 1979
362:The Times
190:The Times
176:Reception
110:, to the
41:Presented
1808:Category
1617:Margaret
1535:Film and
1518:" (1989)
1511:(father)
1360:Gulf War
1127:1st term
1122:Cold War
1070:Ideology
1013:Finchley
943:Category
476:21 March
450:20 March
341:20 March
316:21 March
287:20 March
256:20 March
205:See also
143:Measures
1796: →
1783:←
1766:Honours
1749:Related
1703:Statues
1247:(1984)
1193:(1982)
1011:MP for
571:By year
82:‹
21: (
1806:
1695:(2013)
1665:Reagan
1477:Family
1469:(2003)
1362:(1990)
1334:(1988)
1288:(1986)
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1241:(1984)
1038:(1970)
1676:Plays
1499:(son)
1441:Books
879:Other
59:Party
1431:1987
1426:1983
1421:1979
1403:1990
1398:1989
1393:1975
855:2023
818:2020
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526:2024
510:2024
494:2024
478:2013
452:2013
430:2024
396:2024
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258:2013
98:The
89:1982
84:1980
53:48th
23:1981
19:1981
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