Chancellor of the Exchequer, George Osborne, delivered the Budget Statement to the House of Commons on Wednesday 18 March 2015.
Edward Miliband, Leader of the Labour Party, responded on behalf of the Opposition during the debate on the Budget Resolutions. MPs from all sides of the House also took part in the debate on the Budget Resolutions.
Catch up on the 2015 Budget
The 2015 Budget Statement (Financial Statement)
Provisional Collection of Taxes
Debate on Budget Resolutions and Economic Situation
What is in the Budget Statement?
The Budget statement includes:
- a review of how the UK economy is performing
- forecasts of how the UK economy will perform in the future
- details of any changes to taxation.
What happens after the Budget statement?
Debate takes place on the Budget Resolutions, moved at the end of the Chancellor’s Statement.
It is customary for the Leader of the Opposition to respond to the speech given by the Chancellor rather than the Shadow Chancellor.
The Shadow Chancellor makes his response the day after the Budget statement during the Budget debates.
The Budget debates continue on Thursday 19, Friday 20 and conclude on Monday 23 March 2015. Each day of debate will cover a different policy area:
House of Commons Library analysis
The House of Commons Library produces briefing papers to inform MPs and their staff of key issues. The papers contain factual information and a range of opinions on each subject, and aim to be politically impartial.
The Library has published a briefing paper on the 2015 Budget.
The Budget and Parliament
Further information about Parliamentary procedure and the Budget:
More information about the contents of the 2015 Budget is available on the HM Treasury website.
Image: PA/Dominic Lipinski
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