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Author: Great Britain: National Audit Office
Publisher: The Stationery Office
ISBN: 9780102953367
Category : Business & Economics
Languages : en
Pages : 12
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Book Description
This report by the National Audit Office, made under sections 156 and 157 of the Finance Act 1998, examines the conventions and assumptions underlying the Treasury's fiscal projections within the 2008 Budget (HC 388, session 2007-8, ISBN 9780102953336)
Author: Great Britain: National Audit Office
Publisher: The Stationery Office
ISBN: 9780102953367
Category : Business & Economics
Languages : en
Pages : 12
Get Book
Book Description
This report by the National Audit Office, made under sections 156 and 157 of the Finance Act 1998, examines the conventions and assumptions underlying the Treasury's fiscal projections within the 2008 Budget (HC 388, session 2007-8, ISBN 9780102953336)
Author: Great Britain. National Audit Office
Publisher: The Stationery Office
ISBN: 9780102954449
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
This report by the National Audit Office, made under sections 156 and 157 of the Finance Act 1998, examines the conventions and assumptions underlying the Treasury's fiscal projections within the 2008 pre-budget report (Cm. 7484, ISBN 9780101748421). A new assumption is also reviewed: that the economic cycle that began in the first half of 1997, as defined by the Treasury, ended in the second half of 2006.
Author: National Audit Office
Publisher: The Stationery Office
ISBN: 9780102954746
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
The Chancellor of the Exchequer asked the National Audit Office to audit two new assumptions underlying the Treasury's fiscal projections within the 2009 Budget (HC 407, session 2008-09, ISBN 9780102959161). Firstly, to assess if the 2008 Pre-Budget report assumption for the trend rate of growth, allowing for a downward adjustment to the trend output level of around 4 per cent, for the post-2006 period, together with the further downward adjustment at Budget 2009 to the trend output level of around 1 per cent, is reasonable and cautious. Secondly, to examine whether the approach used by the Treasury to produce estimates of the fiscal aggregates adjusted for the effects of the economic cycle is reasonable.
Author: Great Britain. Treasury
Publisher: The Stationery Office
ISBN: 9780101748421
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
The 2008 Pre-Budget Report presents updated assessments and forecasts of the economy and public finances, and reports on how in the face of major global economic shocks the Government intends to support the economy, businesses and households through these uncertain times while delivering its long-term goals. Measures announced include: temporarily reducing the Value Added Tax (VAT) rate to 15 per cent from1 December 2008 to 31 December 2009; bringing forward £3 billion of capital spending from 2010-11 including introducing a green stimulus supporting low carbon growth and jobs; introducing a new additional higher rate of income tax of 45 per cent for those with incomes above £150,000 from April 2011; increasing national insurance contributions by 0.5 per cent from April 2011; increasing alcohol and tobacco duties; a two pence per litre increase in fuel duty from 1 December). Immediate action to help those individuals and businesses most affected by the economic downturn include: increases in the income tax personal allowance; bringing forward the increase in Child Benefit; increases of the Child Tax Credit and a payment of £60 to all pensioners; help through mortgage rescue and Support for Mortgage Interest schemes for eligible homeowners in difficulty and a commitment from major mortgage lenders not to initiate repossession action within at least three months of an owner-occupier going into arrears; an additional £1.3 billion to support for the unemployed to find a new job; measures to help small and medium-sized enterprises facing credit constraints; a new HMRC Business Payment Support Service to allow businesses in temporary financial difficulty to pay their HMRC tax bills on a timetable they can afford; and more generous tax relief for businesses now making losses and the modification of a number of planned tax reforms, including vehicle excise duty, air passenger duty, and the deferral of the increase in the small companies' rate of corporation tax.
Author: Great Britain: National Audit Office
Publisher: The Stationery Office
ISBN: 0102936536
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
This report by the National Audit Office, made under sections 156 and 157 of the Finance Act 1998, examines the conventions and assumptions underlying the Treasury's fiscal projections within the Pre-Budget Report 2005 (Cm 6701 ISBN 0101670125).
Author: Great Britain: National Audit Office
Publisher: The Stationery Office
ISBN: 9780102963595
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
This report examines the conventions and assumptions underlying the fiscal projections within the 2010 Budget (HC 451, session 2009-10, ISBN 9780102964639) that are submitted by the Treasury for examination, along with a review of assumptions on the VAT gap, tobacco revenues, factor shares in national income and funding (debt increase)
Author: Great Britain. National Audit Office
Publisher:
ISBN: 9780102926552
Category : Budget
Languages : en
Pages : 16
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Book Description
Audit of assumptions for the 2003 pre-budget Report
Author: Great Britain. National Audit Office
Publisher: Stationery Office Books (TSO)
ISBN: 9780102943924
Category : Business & Economics
Languages : en
Pages : 9
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Book Description
This report by the National Audit Office, made under sections 156 and 157 of the Finance Act 1998, examines the conventions and assumptions underlying the Treasury's fiscal projections within the Pre-Budget Report 2006 (Cm 6984 ISBN 0101698429).
Author: Great Britain. Parliament. House of Commons. Treasury Committee
Publisher: The Stationery Office
ISBN: 9780215526113
Category : Business & Economics
Languages : en
Pages : 178
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Book Description
The Treasury Committee's report on the Pre-Budget Report 2008 (Cm. 7484, ISBN 9780101748421) considers that the balance of risks to the Treasury's forecast, for a swift recovery in economic growth for 2010 after a significant decline in output in 2009, is on the downside. The report highlights the lack of bank lending as the single most critical problem for the economy in the near term. The overall effect of the fiscal stimulus remains uncertain, the cost of the reduction in VAT is considerable and, in the view of the majority of commentators, the Treasury's analysis of its impact is an optimistic one. The report notes that the risk of a self-reinforcing deflationary cycle exists in the UK economy at present and recommends that the Treasury prepare and publish the actions it may consider taking should a period of "quantitative easing" be needed. While the need for lower interest rates to maintain economic growth is crucial at the present time, the needs of savers must not be forgotten and the Treasury should consider measures that will also support savers at this difficult time. The report notes with concern that the Pre-Budget Report contains no policy measures which will significantly advance meeting the 2010 child poverty target.
Author: Great Britain. Treasury
Publisher: The Stationery Office
ISBN: 9780102964639
Category : Business & Economics
Languages : en
Pages : 240
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Book Description
The Budget sets out the Government's plans for taxation, public spending and economic growth for the coming year. Details announced include: an annual growth rate of 2.5 per cent for 2006-07 with a forecast of 2.75 to 3.25 per cent for 2007-08; an inflation rate of two per cent this year; and public sector borrowing on course for a 16 billion surplus over the economic cycle ending in 2010-11, with net borrowing set at 37 billion for this year and 36 billion next year, falling to 23 billion in the year to 2010-11.
