On 22 June 2010 the new Chancellor, George Osborne, delivered an Emergency Budget aimed at reducing the British deficit. The key themes of the Budget were to increase taxes and freeze benefits, including a rise in VAT from 17.5% to 20%, a rise in capital gains tax for high earners and a three year freeze on child benefits.
Given the importance of the Budget to household finances in the UK, it wasn't a big surprise to learn that the Budget fuelled consumer searches immediately after the Chancellor's announcement. On the day of Mr Osborne's speech, 1 in every 179 searches in the UK was related to the budget.
The two principle areas of search for UK internet users were for taxes and benefits. Searches for term variations of 'government benefits' doubled in the week of the Emergency Budget but despite this spike, benefit-related searches actually decreased this quarter compared to the same time last year.
Searches for taxes on the other hand increased by 11.5% for the quarter ending June 2010 compared with the previous quarter (ending March 2010). In comparison with the same quarter in 2009, tax-related searches increased by 28%.
As one of the main features of Mr Osborne's Emergency Budget, 'capital gains tax' was the most prominent tax-related search term of the quarter. Council tax and VAT were also popular search terms followed by income tax and national insurance.
Find out more about the Hitwise Financial Services Quarterly Review.
Given the importance of the Budget to household finances in the UK, it wasn't a big surprise to learn that the Budget fuelled consumer searches immediately after the Chancellor's announcement. On the day of Mr Osborne's speech, 1 in every 179 searches in the UK was related to the budget.
The two principle areas of search for UK internet users were for taxes and benefits. Searches for term variations of 'government benefits' doubled in the week of the Emergency Budget but despite this spike, benefit-related searches actually decreased this quarter compared to the same time last year.
Searches for taxes on the other hand increased by 11.5% for the quarter ending June 2010 compared with the previous quarter (ending March 2010). In comparison with the same quarter in 2009, tax-related searches increased by 28%.
As one of the main features of Mr Osborne's Emergency Budget, 'capital gains tax' was the most prominent tax-related search term of the quarter. Council tax and VAT were also popular search terms followed by income tax and national insurance.
Find out more about the Hitwise Financial Services Quarterly Review.


