This practice note provides an overview of the initiatives and measures announced by the government in the "emergency" Budget of 22 June 2010 that will impact specifically on the UK financial services industry. It also contains links to those sections of relevant legislation (including the Finance (No 2) Act 2010 and subsequent Finance Bills), that implement, or introduce legislation to implement, the financial services measures in the June 2010 Budget.

For details of the key financial services regulatory initiatives and measures announced by the government in the pre-election March 2010 Budget, see Practice note, March 2010 Budget and Finance Act 2010: financial services regulatory initiatives.