Oct 29, 2018
Budget 2018: Your essential trivia guide
So while we wait for Philip Hammond to lay it all out, here are some handy Budget trivia to warm up with. The defining image of every Budget is the chancellor standing outside No 11 Downing Street holding up his red box - used to transport his speech - in front of jostling photographers. One exception came in the 1917 Budget when Andrew Bonar Law surprised the nation by announcing a tax on dogs. The Budget speech itself is just one aspect of the whole process. In 2012, the infamous "Pasty tax" where VAT was imposed on hot baked goods forced George Osborne into an embarrassing U-turn while, back in 1932, the Times condemned Neville Chamberlain's Budget for its "Puritanical severity".
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