THE BUDGET

The video covers Mr. Anthony Barber's personal life and his role as Chancellor, focusing on his budget announcement. It highlights key tax reforms, including the introduction of VAT, benefits for pensioners, and changes in child allowance. The video concludes with a brief mention of a cross-channel boat trip.

Who was seen taking a stroll with his family before delivering a significant budget?

• Mr. Callaghan

• Mr. Wilson

• Mr. Anthony Barber

• Mr. Heath

What was the general mood in Downing Street as ministers left for the House?

• Indifferent and uninterested

• Calm and relaxed

• Tense and anxious

• Excited and jubilant

Which tax was set to be cut by half and eventually replaced by the value-added tax?

• Capital gains tax

• Income tax

• Selective employment tax

• Corporate tax

What was the percentage increase in old-age pensions announced in the budget?

• 10%

• 15%

• 20%

• 25%

What was the new top prize for premium bonds as per the budget?

• £100,000

• £50,000

• £25,000

• £10,000