Knowledge

1982 United Kingdom budget

Source 📝

34: 907: 1648: 783: 194:
Howe described his budget as "a budget for industry and so a budget for jobs". He spoke at length about the UK's industrial decline, reflecting at one point that it was no longer the case that buses, cars and motorbikes were manufactured in the UK from British steel. Among the announcements were a
178:, unemployment had risen to three million, and the Conservatives themselves were deeply unpopular in opinion polls. UK inflation had also reached 12% during 1981. Prior to the 1982 budget, the Conservative MP 114:
on 9 March 1982. This was the fourth budget to be presented by Howe during his tenure as chancellor, and came at a time when unemployment had reached three million and the governing
1095: 257:
The 1982 budget came a few weeks before the start of the Falklands War, and the conflict was to revive their political prospects. They would go on the following year to win the
52: 226:
increases on alcohol and cigarettes, with beer increased by 2p a pint, wine increased by 10p a bottle, spirits increased by 30p a litre, and 20 cigarettes increased by 5p.
119: 1229: 1257: 1166: 896: 1559: 672: 249:, condemned the budget as "almost a neutral Budget", while other Conservative MPs were concerned it had done little to reduce the unemployment rate. 1688: 399: 1554: 1102: 875: 704: 694: 1215: 1310: 1247: 1242: 1237: 819: 1046: 954: 745: 689: 667: 246: 179: 131: 127: 1371: 242:, the Leader of the Opposition, who felt that it showed "no proper understanding of the scale of the unemployment catastrophe". 1605: 1564: 111: 33: 857: 848: 1610: 1275: 1270: 1265: 840: 258: 886: 652: 517: 392: 1405: 714: 684: 1673: 1302: 1285: 325: 1683: 946: 755: 709: 679: 647: 632: 602: 512: 437: 196: 155: 1678: 1210: 998: 812: 787: 637: 607: 442: 735: 385: 207: 1580: 1469: 1051: 1008: 123: 1360: 1041: 107: 69: 1652: 1389: 1199: 1182: 1161: 1141: 1136: 1107: 1078: 1058: 1013: 1003: 805: 699: 662: 657: 642: 627: 622: 617: 612: 597: 592: 587: 582: 577: 572: 567: 562: 557: 552: 547: 542: 537: 532: 527: 522: 507: 502: 497: 492: 487: 482: 477: 472: 467: 462: 452: 447: 432: 427: 151: 88: 83: 1453: 1429: 1118: 1536: 1413: 1294: 1187: 1068: 1025: 976: 971: 1485: 1151: 988: 355: 183: 115: 62: 1437: 1123: 1083: 1112: 408: 215: 175: 1477: 1461: 1445: 1089: 8: 1493: 1171: 760: 1509: 1501: 1421: 422: 203: 202:, which were 2% above the 1981 rate of inflation, and a 1% reduction in the Employers' 199: 163: 1334: 828: 235: 159: 770: 1630: 1130: 936: 765: 1397: 1353: 1347: 1328: 1192: 959: 880: 171: 1667: 1341: 1176: 1035: 891: 740: 211: 139: 103: 74: 126:
and outlined a fairly neutral budget. As well as drawing criticism from the
1615: 926: 906: 239: 1600: 931: 921: 377: 1637: 1528: 1018: 750: 730: 167: 135: 797: 138:
package worth £5bn. The budget was presented a few weeks before the
1204: 966: 219: 170:, and following Thatcher's battle, and eventual victory, over the 223: 142:, an event that was to revive the Conservatives' fortunes. 210:
was increased by 11% to £32.85 for a single person, while
130:, the statement was also condemned by the Conservative MP 186:, was advocating a reflation package worth around £5bn. 897:
Vote of no confidence in the Callaghan ministry (1979)
222:was raised by £10 to £80 per year, and there were 1665: 876:Public Bodies (Admission to Meetings) Act (1960) 154:had marked a significant turning point in the 813: 393: 1311:Statecraft: Strategies for a Changing World 820: 806: 400: 386: 350: 348: 346: 746:Government spending in the United Kingdom 407: 245:The Conservative MP and former minister, 162:as the Conservative Party abandoned the 1689:March 1982 events in the United Kingdom 343: 1666: 122:. Howe painted a bleak picture of the 827: 801: 381: 320: 318: 316: 314: 312: 214:was raised by 60p to £5.85 per week. 841:Prime Minister of the United Kingdom 1009:"The lady's not for turning" (1980) 174:. But the UK was in the midst of a 13: 309: 14: 1700: 1647: 1646: 1401:(1984–1996 & 2020 TV series) 1167:Broadcasting restrictions (1988) 905: 849:Leader of the Conservative Party 782: 781: 756:Office for Budget Responsibility 234:The statement was criticised by 32: 1052:"White flags over Port Stanley" 289: 280: 271: 206:surcharge to 1.5%. The weekly 1: 302: 145: 1560:Palace of Westminster (2007) 1361:We have become a grandmother 1172:"Sermon on the Mound" (1988) 356:"Bygone budgets: March 1982" 252: 7: 1119:Local Government Act (1985) 229: 189: 108:Chancellor of the Exchequer 10: 1705: 1216:Resignation Honours (1990) 1188:Community Charge (1989–90) 1026:Irish hunger strike (1981) 690:September 2022 mini-budget 277:about £19bn at 2021 prices 172:moderate wing of the party 100:1982 United Kingdom budget 1624: 1593: 1573: 1547: 1520: 1454:The Long Walk to Finchley 1430:Jeffrey Archer: The Truth 1379: 1370: 1321: 1284: 1256: 1228: 1150: 1067: 987: 945: 914: 903: 868: 835: 779: 723: 415: 286:about £123 at 2021 prices 80: 68: 58: 48: 40: 31: 1674:1982 in British politics 1414:Thatcher: The Final Days 1295:The Downing Street Years 1103:Miners' strike (1984–85) 295:about £22 at 2021 prices 264: 128:Leader of the Opposition 1684:1982 government budgets 1555:London Guildhall (1998) 1486:The Hunt for Tony Blair 182:, a former minister in 166:economics in favour of 1679:United Kingdom budgets 1581:Richard Stone portrait 1438:The Alan Clark Diaries 1124:rate-capping rebellion 1084:Brighton hotel bombing 892:"Britain Awake" (1976) 134:, who had advocated a 1409:(1987–1991 TV series) 1113:Anglo-Irish Agreement 705:2023 autumn statement 695:2022 autumn statement 409:United Kingdom budget 326:"Budgets 1979 – 1992" 259:1983 general election 184:Thatcher's government 27:United Kingdom budget 1446:Pinochet in Suburbia 1298:(1993 autobiography) 1211:"No. No. No." (1990) 1090:GCHQ trade union ban 1047:Diana Gould exchange 869:Member of Parliament 218:was also increased. 216:Unemployment benefit 1494:In Search of La Che 1372:Cultural depictions 761:Parliament Act 1911 673:Winter Economy Plan 200:personal allowances 28: 1422:The Falklands Play 204:National Insurance 164:post-war consensus 118:were unpopular in 116:Conservative Party 63:Conservative Party 18: 1661: 1660: 1606:Death and funeral 1589: 1588: 1406:The New Statesman 1390:Anyone for Denis? 1303:The Path to Power 1258:General elections 1224: 1223: 829:Margaret Thatcher 795: 794: 160:Margaret Thatcher 102:was delivered by 96: 95: 1696: 1650: 1649: 1505:(2020 TV series) 1473:(2009 TV serial) 1449:(2006 docudrama) 1441:(2004 TV series) 1377: 1376: 985: 984: 909: 861: 852: 844: 822: 815: 808: 799: 798: 785: 784: 771:Spring Statement 736:Budget Broadcast 668:Summer statement 402: 395: 388: 379: 378: 372: 371: 369: 367: 352: 341: 340: 338: 336: 322: 296: 293: 287: 284: 278: 275: 112:House of Commons 36: 29: 26: 24: 17: 1704: 1703: 1699: 1698: 1697: 1695: 1694: 1693: 1664: 1663: 1662: 1657: 1631:James Callaghan 1620: 1585: 1569: 1565:Grantham (2022) 1543: 1516: 1381: 1366: 1317: 1280: 1252: 1230:Party elections 1220: 1153: 1146: 1131:Westland affair 1070: 1063: 990: 983: 941: 937:Union democracy 910: 901: 864: 855: 847: 839: 831: 826: 796: 791: 775: 766:Spending Review 719: 411: 406: 376: 375: 365: 363: 354: 353: 344: 334: 332: 324: 323: 310: 305: 300: 299: 294: 290: 285: 281: 276: 272: 267: 255: 232: 192: 148: 92: 86: 22: 20: 12: 11: 5: 1702: 1692: 1691: 1686: 1681: 1676: 1659: 1658: 1656: 1655: 1643: 1642: 1634: 1625: 1622: 1621: 1619: 1618: 1613: 1608: 1603: 1597: 1595: 1591: 1590: 1587: 1586: 1584: 1583: 1577: 1575: 1571: 1570: 1568: 1567: 1562: 1557: 1551: 1549: 1545: 1544: 1542: 1541: 1533: 1524: 1522: 1518: 1517: 1515: 1514: 1506: 1498: 1490: 1489:(2011 episode) 1482: 1474: 1466: 1458: 1450: 1442: 1434: 1433:(2002 TV film) 1426: 1418: 1410: 1402: 1398:Spitting Image 1394: 1393:(1982 TV play) 1385: 1383: 1374: 1368: 1367: 1365: 1364: 1357: 1354:Alfred Roberts 1351: 1348:Carol Thatcher 1345: 1339: 1338: 1337: 1329:Denis Thatcher 1325: 1323: 1319: 1318: 1316: 1315: 1307: 1299: 1290: 1288: 1282: 1281: 1279: 1278: 1273: 1268: 1262: 1260: 1254: 1253: 1251: 1250: 1245: 1240: 1234: 1232: 1226: 1225: 1222: 1221: 1219: 1218: 1213: 1208: 1202: 1197: 1196: 1195: 1193:Poll tax riots 1185: 1180: 1174: 1169: 1164: 1158: 1156: 1148: 1147: 1145: 1144: 1139: 1134: 1128: 1127: 1126: 1116: 1110: 1105: 1100: 1099: 1098: 1087: 1081: 1075: 1073: 1065: 1064: 1062: 1061: 1056: 1055: 1054: 1049: 1044: 1033: 1028: 1023: 1022: 1021: 1011: 1006: 1001: 995: 993: 982: 981: 980: 979: 974: 964: 963: 962: 960:wets and dries 951: 949: 943: 942: 940: 939: 934: 929: 924: 918: 916: 912: 911: 904: 902: 900: 899: 894: 889: 887:Shadow Cabinet 884: 881:Circular 10/70 878: 872: 870: 866: 865: 863: 862: 853: 845: 836: 833: 832: 825: 824: 817: 810: 802: 793: 792: 780: 777: 776: 774: 773: 768: 763: 758: 753: 748: 743: 738: 733: 727: 725: 721: 720: 718: 717: 712: 707: 702: 697: 692: 687: 682: 677: 676: 675: 670: 660: 655: 650: 645: 640: 635: 630: 625: 620: 615: 610: 605: 600: 595: 590: 585: 580: 575: 570: 565: 560: 555: 550: 545: 540: 535: 530: 525: 520: 515: 510: 505: 500: 495: 490: 485: 480: 475: 470: 465: 460: 455: 450: 445: 440: 435: 430: 425: 419: 417: 413: 412: 405: 404: 397: 390: 382: 374: 373: 362:. 3 March 1999 342: 307: 306: 304: 301: 298: 297: 288: 279: 269: 268: 266: 263: 254: 251: 231: 228: 191: 188: 147: 144: 94: 93: 87: 81: 78: 77: 72: 66: 65: 60: 56: 55: 50: 46: 45: 42: 38: 37: 9: 6: 4: 3: 2: 1701: 1690: 1687: 1685: 1682: 1680: 1677: 1675: 1672: 1671: 1669: 1654: 1645: 1644: 1640: 1639: 1635: 1633: 1632: 1627: 1626: 1623: 1617: 1614: 1612: 1609: 1607: 1604: 1602: 1599: 1598: 1596: 1592: 1582: 1579: 1578: 1576: 1572: 1566: 1563: 1561: 1558: 1556: 1553: 1552: 1550: 1546: 1539: 1538: 1534: 1531: 1530: 1526: 1525: 1523: 1519: 1512: 1511: 1507: 1504: 1503: 1499: 1496: 1495: 1491: 1488: 1487: 1483: 1480: 1479: 1478:The Iron Lady 1475: 1472: 1471: 1467: 1464: 1463: 1459: 1456: 1455: 1451: 1448: 1447: 1443: 1440: 1439: 1435: 1432: 1431: 1427: 1424: 1423: 1419: 1416: 1415: 1411: 1408: 1407: 1403: 1400: 1399: 1395: 1392: 1391: 1387: 1386: 1384: 1378: 1375: 1373: 1369: 1362: 1358: 1355: 1352: 1349: 1346: 1343: 1342:Mark Thatcher 1340: 1336: 1333: 1332: 1330: 1327: 1326: 1324: 1320: 1313: 1312: 1308: 1306:(1995 memoir) 1305: 1304: 1300: 1297: 1296: 1292: 1291: 1289: 1287: 1283: 1277: 1274: 1272: 1269: 1267: 1264: 1263: 1261: 1259: 1255: 1249: 1246: 1244: 1241: 1239: 1236: 1235: 1233: 1231: 1227: 1217: 1214: 1212: 1209: 1206: 1203: 1201: 1200:Budget (1990) 1198: 1194: 1191: 1190: 1189: 1186: 1184: 1183:Budget (1989) 1181: 1178: 1177:Bruges speech 1175: 1173: 1170: 1168: 1165: 1163: 1162:Budget (1988) 1160: 1159: 1157: 1155: 1149: 1143: 1142:Budget (1987) 1140: 1138: 1137:Budget (1986) 1135: 1132: 1129: 1125: 1122: 1121: 1120: 1117: 1114: 1111: 1109: 1108:Budget (1985) 1106: 1104: 1101: 1097: 1094: 1093: 1091: 1088: 1085: 1082: 1080: 1079:Budget (1984) 1077: 1076: 1074: 1072: 1066: 1060: 1059:Budget (1983) 1057: 1053: 1050: 1048: 1045: 1043: 1040: 1039: 1037: 1036:Falklands War 1034: 1032: 1031:Budget (1982) 1029: 1027: 1024: 1020: 1017: 1016: 1015: 1014:Budget (1981) 1012: 1010: 1007: 1005: 1004:Budget (1980) 1002: 1000: 999:Budget (1979) 997: 996: 994: 992: 986: 978: 975: 973: 970: 969: 968: 965: 961: 958: 957: 956: 953: 952: 950: 948: 944: 938: 935: 933: 930: 928: 925: 923: 920: 919: 917: 913: 908: 898: 895: 893: 890: 888: 885: 882: 879: 877: 874: 873: 871: 867: 859: 854: 850: 846: 842: 838: 837: 834: 830: 823: 818: 816: 811: 809: 804: 803: 800: 790: 789: 778: 772: 769: 767: 764: 762: 759: 757: 754: 752: 749: 747: 744: 742: 741:Budget purdah 739: 737: 734: 732: 729: 728: 726: 722: 716: 713: 711: 708: 706: 703: 701: 698: 696: 693: 691: 688: 686: 683: 681: 678: 674: 671: 669: 666: 665: 664: 661: 659: 656: 654: 653:November 2017 651: 649: 646: 644: 641: 639: 636: 634: 631: 629: 626: 624: 621: 619: 616: 614: 611: 609: 606: 604: 601: 599: 596: 594: 591: 589: 586: 584: 581: 579: 576: 574: 571: 569: 566: 564: 561: 559: 556: 554: 551: 549: 546: 544: 541: 539: 536: 534: 531: 529: 526: 524: 521: 519: 518:November 1993 516: 514: 511: 509: 506: 504: 501: 499: 496: 494: 491: 489: 486: 484: 481: 479: 476: 474: 471: 469: 466: 464: 461: 459: 456: 454: 451: 449: 446: 444: 441: 439: 436: 434: 431: 429: 426: 424: 421: 420: 418: 414: 410: 403: 398: 396: 391: 389: 384: 383: 380: 361: 357: 351: 349: 347: 331: 327: 321: 319: 317: 315: 313: 308: 292: 283: 274: 270: 262: 260: 250: 248: 243: 241: 237: 227: 225: 221: 217: 213: 212:child benefit 209: 208:State Pension 205: 201: 198: 187: 185: 181: 177: 173: 169: 165: 161: 157: 153: 143: 141: 140:Falklands War 137: 133: 129: 125: 121: 120:opinion polls 117: 113: 109: 105: 104:Geoffrey Howe 101: 90: 85: 79: 76: 75:Geoffrey Howe 73: 71: 67: 64: 61: 57: 54: 51: 47: 43: 39: 35: 30: 16: 1636: 1629: 1616:Thatchergate 1537:The Audience 1535: 1532:(2010, 2013) 1527: 1508: 1500: 1492: 1484: 1476: 1468: 1460: 1452: 1444: 1436: 1428: 1420: 1412: 1404: 1396: 1388: 1309: 1301: 1293: 1152:3rd ministry 1069:2nd ministry 1030: 989:1st ministry 977:2nd–3rd term 927:Conservatism 786: 715:October 2024 685:October 2021 457: 364:. Retrieved 360:The Guardian 359: 333:. Retrieved 329: 291: 282: 273: 256: 244: 240:Michael Foot 236:Labour Party 233: 195:14% rise in 193: 149: 99: 97: 44:9 March 1982 15: 1601:Blatcherism 1513:(2024 film) 1497:(2011 film) 1481:(2011 film) 1465:(2009 film) 1457:(2008 film) 1425:(2002 play) 1417:(1991 film) 1154:(1987–1990) 1071:(1983–1987) 991:(1979–1983) 947:Premiership 932:Free market 922:Thatcherism 860:(1959–1992) 851:(1975–1990) 843:(1979–1990) 366:22 December 335:22 December 247:Ian Gilmour 224:excise duty 180:Ian Gilmour 156:premiership 152:1981 budget 132:Ian Gilmour 1668:Categories 1638:John Major 1529:Handbagged 1382:television 1350:(daughter) 1331:(husband) 1019:Gang of 25 751:Money bill 731:Budget Day 710:March 2024 680:March 2021 648:March 2017 633:March 2015 603:March 2010 513:March 1993 438:April 1979 303:References 197:income tax 168:monetarism 146:Background 124:UK economy 70:Chancellor 49:Parliament 1574:Paintings 1502:The Crown 1470:The Queen 1335:baronetcy 1096:CCSU case 1042:"Rejoice" 955:Ministers 638:July 2015 608:June 2010 443:June 1979 253:Aftermath 176:recession 136:reflation 110:, to the 41:Presented 1653:Category 1462:Margaret 1380:Film and 1363:" (1989) 1356:(father) 1205:Gulf War 972:1st term 967:Cold War 915:Ideology 858:Finchley 788:Category 330:BBC News 230:Reaction 220:Road tax 190:Overview 1641: → 1628:←  1611:Honours 1594:Related 1548:Statues 1092:(1984) 1038:(1982) 856:MP for 416:By year 238:leader 82:‹  21: ( 1651:  1540:(2013) 1510:Reagan 1322:Family 1314:(2003) 1207:(1990) 1179:(1988) 1133:(1986) 1115:(1985) 1086:(1984) 883:(1970) 106:, the 1521:Plays 1344:(son) 1286:Books 724:Other 265:Notes 59:Party 1276:1987 1271:1983 1266:1979 1248:1990 1243:1989 1238:1975 700:2023 663:2020 658:2018 643:2016 628:2014 623:2013 618:2012 613:2011 598:2009 593:2008 588:2007 583:2006 578:2005 573:2004 568:2003 563:2002 558:2001 553:2000 548:1999 543:1998 538:1997 533:1996 528:1995 523:1994 508:1992 503:1991 498:1990 493:1989 488:1988 483:1987 478:1986 473:1985 468:1984 463:1983 458:1982 453:1981 448:1980 433:1978 428:1972 423:1909 368:2022 337:2022 150:The 98:The 89:1983 84:1981 53:48th 23:1982 19:1982 158:of 1670:: 358:. 345:^ 328:. 311:^ 261:. 1359:" 821:e 814:t 807:v 401:e 394:t 387:v 370:. 339:. 91:› 25:)

Index


48th
Conservative Party
Chancellor
Geoffrey Howe
1981
1983
Geoffrey Howe
Chancellor of the Exchequer
House of Commons
Conservative Party
opinion polls
UK economy
Leader of the Opposition
Ian Gilmour
reflation
Falklands War
1981 budget
premiership
Margaret Thatcher
post-war consensus
monetarism
moderate wing of the party
recession
Ian Gilmour
Thatcher's government
income tax
personal allowances
National Insurance
State Pension

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.