This week, Chancellor of the Exchequer Gordon Brown unveiled the UK government's new budget. In crafting the budget, the chancellor had to walk a delicate political tightrope by avoiding the so-called "tax and spend" policies which characterized "Old Labour" administrations and still appealing to the core Labour voters. Using surpluses instead of new taxes, the budget calls for significant new...
Released last month by HM Treasury, the UK budget is composed of two sections: the Economic and Fiscal Strategy Report (EFSR) and the Financial Statement and Budget Report (FSBR). The first section describes the government's economic objectives and how the budget will further them, while the second offers a summary of the main budget measures and forecasts for the UK economy and public finances....
Proudly presented by Her Majesty's Treasury Office, the 2002 annual budget makes public all the facts and figures of the United Kingdom's financial plan for the year. Accessible as separate HTML files, the reports featured on the Budget 2002 site cover a vast range of topics -- internal, external, domestic, European, and international. Detailing many new programs and increased support for...
Late every November the Chancellor of the Exchequer presents a major budget address to the United Kingdom Parliament that "reviews the nation's economic performance, announces the Government's plans for public spending for the coming year, and explains how the Government proposes to raise revenue to cover its spending, and what changes it plans to make to the tax system." The HM Treasury web site...