The welfare cap
Since 2014 the UK government has had a cap on welfare spending. Here we explain how the cap is set and assessed. We also look at how the cap has changed.
This note sets out the economic, public finance and taxation background to the 2012 Budget.
Background to the 2012 Budget (470 KB , PDF)
The Budget is not expected to include significant changes in the overall levels of taxation and public spending. Announcements are expected in a number of areas including the income tax personal allowance, the 50p rate of tax and child benefit. There has also been speculation that the Budget may contain measures which shift tax away from income towards property and wealth.
Background to the 2012 Budget (470 KB , PDF)
Since 2014 the UK government has had a cap on welfare spending. Here we explain how the cap is set and assessed. We also look at how the cap has changed.
Employment data tells us about the strength of the labour market. Find the latest data on UK employment levels and rates.
Construction work to repair buildings, including historic churches, is charged VAT at the 20% standard rate. The Listed Places of Worship Grant Scheme provides grants to mitigate the VAT costs for these repairs.