Audit of Assumptions for Budget 2006

Audit of Assumptions for Budget 2006

Author: Great Britain: National Audit Office

Publisher: The Stationery Office

Published: 2006-03-22

Total Pages: 24

ISBN-13: 0102937222

DOWNLOAD EBOOK

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 2006 Budget (HCP 968, session 2005-06; ISBN 0102937311).


Audit of Assumptions for Budget 2009

Audit of Assumptions for Budget 2009

Author: National Audit Office

Publisher: The Stationery Office

Published: 2009

Total Pages: 36

ISBN-13: 9780102954746

DOWNLOAD EBOOK

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.


Audit of assumptions for budget 2008

Audit of assumptions for budget 2008

Author: Great Britain: National Audit Office

Publisher: The Stationery Office

Published: 2008-03-12

Total Pages: 12

ISBN-13: 9780102953367

DOWNLOAD EBOOK

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)


Audit of assumptions for budget 2007

Audit of assumptions for budget 2007

Author: Great Britain: National Audit Office

Publisher: The Stationery Office

Published: 2007-03-21

Total Pages: 52

ISBN-13: 9780102944686

DOWNLOAD EBOOK

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 2007 Budget (HCP 342, session 2006-07; ISBN 9780102944556).


Audit of Assumptions for the 2005 Pre-budget Report

Audit of Assumptions for the 2005 Pre-budget Report

Author: Great Britain: National Audit Office

Publisher: The Stationery Office

Published: 2005-12-05

Total Pages: 50

ISBN-13: 0102936536

DOWNLOAD EBOOK

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).


Audit of assumptions for budget 2010

Audit of assumptions for budget 2010

Author: Great Britain: National Audit Office

Publisher: The Stationery Office

Published: 2010-03-24

Total Pages: 32

ISBN-13: 9780102963595

DOWNLOAD EBOOK

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)


Budget 2006

Budget 2006

Author: Great Britain. Treasury

Publisher: The Stationery Office

Published: 2006-03-22

Total Pages: 316

ISBN-13: 0102937311

DOWNLOAD EBOOK

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 £16bn 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. Measures announced in the 2006 Budget include: i) the climate change levy to be indexed in line with inflation from 2007, a new vehicle excise duty rate of £210 for the least fuel efficient cars (4x4 cars or SUVs) and the establishment of a new £1bn energy and environmental research institute funded by government and private industry; ii) measures to help to single parents into work and tackle child poverty including an increase in child benefit, child tax credit and childcare vouchers and a top-up to child trust fund accounts at the age of seven; iii) an increase in duty of nine pence on cigarettes and one pence on beer, with a freeze in duty on whisky and other spirits; iv) the exemption on stamp duty raised to £125,000 and a rise in the level of inheritance tax from £275,000 to £325,000; v) the level of investment in schools to rise from £5.6 billion to £8 billion a year; vi) free off peak national bus travel for pensioners in every part of the country; and vii) funding, in partnership with commercial sponsorship, to support top athletes to prepare for the 2012 Olympics.


Budget 2009

Budget 2009

Author: Great Britain. Treasury

Publisher: The Stationery Office

Published: 2009

Total Pages: 274

ISBN-13: 9780102959161

DOWNLOAD EBOOK

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.


The 2005 Pre-budget Report

The 2005 Pre-budget Report

Author: Great Britain: Parliament: House of Commons: Treasury Committee

Publisher: The Stationery Office

Published: 2006-03-30

Total Pages: 32

ISBN-13: 9780215028242

DOWNLOAD EBOOK

Reply to 2nd report (HCP 739, ISBN 0215027078).


Budget 2008

Budget 2008

Author: Great Britain. Treasury

Publisher: The Stationery Office

Published: 2008-03-12

Total Pages: 228

ISBN-13: 9780102953336

DOWNLOAD EBOOK

The Budget sets out the Government's plans for taxation, public spending and economic growth for the coming year. The Government reports that the economy is stable and resilient, and continuing to grow, and that its strict fiscal rules are being met. Measures include: further financial support for children to move 250,000 out of poverty; an additional one-off payment for over-80s and over-60s households alongside the Winter Fuel Payment; increased support and access to finance for small firms; a £200 million package to support and bring forward by one year the GCSE targets; postponement of the planned fuel duty increase of 2 pence per litre in April 2008 until October 2008; an increase in alcohol duty rates by 6 per cent from 17 March 2008; laying the ground work for the introduction for five-year carbon budgets (the first of which will be included in Budget 2009); further steps to tackle climate change, including reforms to Vehicle Excise Duty, auctioning of 100 per cent of allowances for large electricity producers in Phase III of the EU Emissions Trading Scheme, and that to eliminate single use carrier bags the Government will legislate and impose a charge if retailers do not take voluntary action; further reforms to modernise the tax system, and a number of measures to combat tax fraud and avoidance. (Supporting publications issued alongside the Budget are "The UK economy: analysis of long-term performance and strategic challenges" and "2008 long-term public finance report", HM Treasury - http://www.hm-treasury.gov.uk/budget/budget_08/bud_bud08_index.cfm). The National Audit Office "Audit of assumptions Budget 2008" is also available (HC 345, ISBN 9780102953367).