The 2012 Budget

Documents to download

This note summarises the main points of the 2012 Budget.

VAT and Churches

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.
- Culture, media and sport
- Tax
Retail sales: Economic indicators

Retail is a large component of the UK’s services industry. Find the latest data on sales of food and non-food goods as well as online sales.
- Economic situation
- Industry
GDP international comparisons: Economic indicators

GDP measures the size of the economy. Find the latest GDP growth data for the UK and comparisons with other G7 economies.
- Economic situation
- Economy