8 John 1, chapter 21

An Act to grant certain duties, to alter other duties, and to amend the law relating to the national debt and the public revenue, and to make further provision in connection with finance

Be it Enacted by His Most Gracious and Excellent Majesty, by and with the Advice and Consent of Parliament assembled, as follows–

Preface

  1. The short title of this Act is the Financial (Consequential Provisions and Budgeting) Act, 2025.

Budget

  1. Any taxes laid out by any previous Acts of Parliament are hereby repealed in their entirety.
  2. The unspent funds allotted to the previous Government will be continued by the present Government.
  3. Any enactment requiring budgeting or finance will no longer be required at the start of a parliamentary term, session etc.
  4. Any future monetary requirements will be approved by the assent of a money bill, where necessary.