1978 United Kingdom budget

The 1978 United Kingdom budget was delivered by Denis Healey, the Chancellor of the Exchequer, to the House of Commons on 11 April 1978.It was the sixth and penultimate budget to be presented by Healey, and the first to be broadcast on the radio.A new temporary lower rate of income tax was also introduced, which would be abolished by Geoffrey Howe in the 1980 budget, while the basic rate of income tax was cut by 1%.Healey also reintroduced free school milk for children aged 7 to 11.Labour MPs gave the statement a lukewarm reception, while the Liberal Party, which had recently been in an alliance with the government following the Lib–Lab pact, were more enthusiastic.
Labour PartyChancellorDenis HealeyApril 1979Chancellor of the ExchequerHouse of CommonsCorporation TaxCapital gains taxGeoffrey Howe1980 budgetincome taxLabourLiberal PartyLib–Lab pactConservativeMargaret ThatcherLeader of the OppositionUnited Kingdom budgetJune 1979March 1993November 1993March 2010June 2010March 2015July 2015March 2017November 2017Summer statementWinter Economy PlanMarch 2021October 2021September 2022 mini-budget2022 autumn statement2023 autumn statementMarch 2024October 2024Budget DayBudget purdahGovernment spending in the United KingdomMoney billOffice for Budget ResponsibilityParliament Act 1911Spending ReviewSpring Statement