LBC reports the Budget special

Title

LBC reports the Budget special

Genre

News report; Speech; Discussion

TX Date

10 Mar 1981

Year of production

1981

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Duration

01:04:47

Description

Live coverage of Chancellor Geoffrey Howe’s third Budget speech (with commentary-male reporter not identified), which continues policies to reduce the deficit, by controlling public spending and increasing taxation. Announces a cut in the bank rate; below inflation rises in pensions, unemployment and sickness benefits; taxes on the oil industry, bank profits and company perks; increases in duty on drinks, tobacco, fuel and car tax; and no increase in income tax allowances. Followed by Douglas Moffitt budget analysis and Peter Allen discussion with former CBI President Sir John Greenborough on the limited relief for industry, and General Secretary of the CPSA Ken Thomas on the likely effect on unemployment. Ends abruptly.

Contributors

John Greenborough; Geoffrey Howe; Peter Allen; Douglas Moffitt; Ken Thomas

Keywords

Budgets; Industry; Wages; Social security; Taxation; Public finance; Unemployment; Geoffrey Howe; Oil; National budgets; Public expenditure; Government spending; Income tax; North Sea; Petroleum industry; Public servants; Revenue

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