The Pre-Budget Report (PBR) is delivered by the Chancellor in the autumn or early winter and sets the scene for the full Budget which is delivered the following spring.
The PBR has been around since 199t and reports on what has been achieved since the last Budget, an update on the state of the economy and public finances, and outlines Government policy in the run up to the spring Budget.
According to the Treasury, the PBR "launches a national debate on important economic issues, taxes and spending in advance of the spring Budget, seeking the views of people and business in all regions of the country and in all sectors of the economy to inform the Government's decisions."
This year’s PBR is of critical importance as it will outline the success so far of the Government's initiatives to combat the recession and also how much these have cost.
It will also detail what measures will continue to be taken and how this is all going to be paid for.
The annual spring Budget will include a more detailed assessment of the economy and the state of the public finances, as well as full details of what will be announced on December 9.
The Treasury has provided a guide detailing the areas that are likely to be addressed in the PBR.
They are;
Login to comment
Comments
No comments have been made yet.