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The Chancellor of the Exchequer’s second budget, held on 23 March 2011, was perhaps most notable for the attention placed on fiscal neutrality, coupled with plans for the stimulation of economic growth. The technical tax developments and announcements echoed this approach. One document described a “coherent framework” within which HMRC could tackle perceived tax avoidance, an approach supplemented by the closure of a number of loopholes and schemes and a general focus on measures to “shut down the open abuses that have been allowed to continue for too long”. Other provisions focused on encouraging investment in UK enterprise and in developing the competitiveness of the UK economy.