BusinessCompany NewsBrown to forecast strong economic growth

Brown to forecast strong economic growth

Gordon Brown is expected to forecast two years of strong economic growth when he delivers his pre-Budget report at lunchtime.

Link: Pre-Budget special report

The chancellor will address MPs at 12:30pm today, where he is expected to admit that public finances have continued to deteriorate.

Remember to go to www.accountancyage.com/prebudget03 to follow the speech as it happens, and for analysis and comment shortly afterwards.

Among other things, the chancellor is expected to:

  • Revise borrowing forecasts from the April Budget
  • Allocate an extra £800m to post-war efforts in Iraq
  • Change tax rules to comply with ECJ rulings
  • Cap pension tax breaks for individual pension funds at £1.4m
  • Propose tax breaks for property investors

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