1995 United Kingdom budget

1995 (1995) United Kingdom budget

Presented	28 November 1995
Parliament	51st
Party	Conservative Party
Chancellor	Kenneth Clarke
‹ 1994 1996›

The 1995 United Kingdom budget was delivered by Kenneth Clarke, the Chancellor of the Exchequer, to the House of Commons on 28 November 1995.^[1] It was Clarke's third budget, and one of the shortest budget speeches in modern history. In his statement, Clarke reduced the middle rate of income tax by 1p to 24p, and after announcing that his spending reductions for the previous year had exceeded expectations by more than £3bn, announced plans to increase spending on healthcare, education and policing. His budget was criticised by members of the Conservative Party for not including more tax cuts, while Shadow Chancellor Gordon Brown of the Labour Party dismissed it as "the 7p up, 1p down budget".