Osborne to can pre-Budget report
06 Sep 2010, Kevin Reed, AccountancyAge
http://www.accountancyage.com/aa/news/1807776/osborne-pre-budget-report
The pre-Budget report is likely to be scrapped by the chancellor and replaced with a slimmed down statement with new forecasts.
A big focus for George Osborne towards the end of the year will be setting out departmental budgets in the Comprehensive Spending Review towards the end of October, reported the FT.
The PBR was introduced by Gordon Brown when Labour came into power in 1997.
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Visitor comments
Forecast
Businesses quite rightly complain when government is opaque about its future plans. Seems a step backwards to remove a process that could extend large areas of policy for up to 18 moths forward. Politically, it is predictable, of course, as the less is said, the less is accountable.
Posted by: Tony Bond , 06 Sep 2010 | 00:00