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United Kingdom · Politics & Government · Easy

What is the name of the annual fiscal statement, delivered by the Chancellor of the Exchequer, outlining taxation and spending plans?

Answer: The Budget — The Budget is presented to the House of Commons, traditionally in a red despatch box first used by William Gladstone in 1860, and requires parliamentary approval.

The Budget is presented to the House of Commons, traditionally in a red despatch box first used by William Gladstone in 1860, and requires parliamentary approval.

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