Title:
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BRITAIN MEETING THE GLOBAL CHALLENGE
ENTERPRISE, FAIRNESS AND RESPONSIBILITY, PRE-BUDGET REPORT DECEMBER 2005 |
By: |
Great Britain: H. M. Treasury |
Format: |
Paperback |
List price:
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£45.00 |
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ISBN 10: |
0101670125 |
ISBN 13: |
9780101670128 |
Publisher: |
TSO |
Pub. date: |
5 December, 2005 |
Series: |
Cm. 6701 |
Pages: |
259 |
Synopsis: |
The pre-budget report updates forecasts for the economy and public finances and reports on the implementation of the Government's long-term economic goals and policy priorities. Some of the main points are: a revised UK economic growth estimate for 2005 of 1.75 per cent (previously forecast at between 3-3.5 per cent) with a predicted growth rate of 2 to 2.5 per cent in 2006 and 2.75 to 3.25 per cent in 2007 and 2008; net public borrowing in 2005 forecast to be GBP 37bn, with a predicted budget deficit of GBP 10bn for 2005 and GBP 4 billion for 2006; and inflation forecast to be on course to meet the 2 per cent target this year and the following two years. Other measures announced include: petrol and road fuel taxes to be frozen for the whole of the financial year; and the taxes on North Sea oil companies to be raised from 10 to 20 per cent, with new incentives to companies for exploration and development. |
Illustrations: |
figs, tables |
Publication: |
UK |
Imprint: |
Stationery Office Books |
Returns: |
Non-returnable |