Taxbriefs Chancellors – 6 Kenneth Clarke 1993 – 1997 (part 2)

Ken Clarke's second Budget was still focussed on the deficit, but many of the measures had been announced in the previous Budget. What he did Allowances and tax bands were increased in line with inflation; The reinvestment Tax Exempt Special Savings Account (TESSA - the cash ISA predecessor) was announced, aimed at preventing the money …