Pre Budget Report Highlights 2009
Alistair Darling presented a cautious Pre-Budget Report (PBR) in which he claims to have focussed on laying the foundations for a return to growth rather than reducing the fiscal deficit. He estimated the Government's Borrowing requirement at £178bn for the current year and £176bn for the forthcoming year. Commentators have generally formed the view that the anticipated tax increases and spending cuts will be saved until after next year's election.
The key taxation measures in the PBR are summarised in this special edition Insight Factsheet.