Link: Budget special
He said that not only would the government achieve a balance, it would generate a surplus of £32bn.
‘It’s right and prudent to borrow at this point in the economic cycle,’ he said. ‘We will meet our golden rule this year and every year to 2006.’
Brown also said he would keep debt at less than his target of 40% of national income. Indeed it would not rise above 34%, he told MPs.
HMRC compliance crackdown targets SMEs, resulting in £468m for year ending 31 March 2016
Report argues that the government must change the way it makes tax and budget decisions
Committee expresses concern about costs to businesses and April 2018 implementation date
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit