IN THE CHANCELLOR'S fifth budget the Office of Budget Responsibility has revised growth up by three times previous predictions.
George Osborne said that growth for 2014 would be 2.7%, in 2015 2.3%, 2.6% for 2016/17 and 2.5% for 2018.
The chancellor said this is a £16bn increase to the forecast from 4 months ago and the biggest revision of growth between budgets in the last 30 years.
You may also like
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.