The Chancellor, George Osborne's first Budget may well be considered one of the most compelling budgets of recent times.
The Government had warned it was going to be tough but argued that such an approach was necessary in order to achieve their target of eliminating the current structural budget deficit by 2015/2016. The Chancellor spoke of the Government's approach of the 80:20 rule of thumb with 80% being focused on lower spending and 20% on higher taxes.
With many changes made to the Budget for 2010, we have highlighted some of the more significant corporate focused changes for your information.