_(St_Edwards_Crown).svg) | |
| Presented | 17 March 1998 |
|---|---|
| Parliament | 52nd |
| Party | Labour Party |
| Chancellor | Gordon Brown |
|
‹ 1997 1999› | |
The 1998 United Kingdom budget (sometimes referred to as the Prudence with a purpose budget and officially titled New Ambitions for Britain)[1][2] was delivered by Gordon Brown, the Chancellor of the Exchequer, to the House of Commons on 17 March 1998. It was the second budget to be presented by Brown following Labour's 1997 general election win, and sought to maintain the broad public support given to Labour in 1997 by announcing measures that would appeal to those who had voted the party into office. One of the key features of the 1998 budget was the Working Families Tax Credit, a benefit that could be claimed by families on low income. Brown also announced tax cuts for businesses, the launch of a £50m[a] rural transport fund, and committed to taxing child benefit at a future date.
- ^ "Bygone budgets: March 1998". The Guardian. 3 March 1999. Retrieved 25 November 2022.
- ^ "CHRONOLOGY-The budget 1997–2006: Brown's decade". 16 March 2007. Retrieved 25 November 2022 – via www.reuters.com.
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