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2011 Budget date announced
The 2011 Budget will take place on Wednesday 23 March, the Chancellor has announced.
George Osborne revealed the date for his second Budget when giving evidence to the Treasury Select Committee.
Osborne delivered his first ‘emergency’ Budget in June, fulfilling the Conservatives’ pledge to hold a Budget within 50 days of the General Election.
The previous Chancellor, Alistair Darling, gave just two weeks’ notice before holding his last Budget in March.
However, Mr Osborne told MPs that he was giving them four months advance notice of the timing. ‘You can put that in your diary,’ he said.
The Government recently announced that it would be scrapping the Pre-Budget Report, which was first introduced by Gordon Brown. Osborne will instead present a slimmed down ‘Autumn Statement’ on 29 November.