Budget 2010
During the economic downturn the Government has provided a wide range of support to help people and businesses. You can find details of this government action, along with more detail of the Budget 2010 measures and announcmements, on the following pages.
: a two-year Stamp Duty holiday for first-time buyers on residential property transactions up to £250,000;
: maintaining the Standard Interest Rate applied to the Support for Mortgage Interest scheme until December 2010; and
: launching the Saving Gateway in July 2010. This is where the Government adds 50 pence for each £1 saved by working age people on low incomes.
Budget Ins and Outs
Budget 2010 announces further targeted
support for families and individuals as the economy recovers, including: In depth click for further information .
- increasing tax credits for families with children aged one and two, from 2012;
- continuing additional payments alongside the Winter Fuel Payment next winter, worth £100 to households with someone aged over 80, and £50 to households with someone over female State Pension age;
These new measures build on action already being taken,