A huge shortfall in the income expected from corporation tax, and ambitious public spending promises has left Brown with a huge hole in his coffers.
As a result experts across the board were predicting further tax rises to fill the gap.
But Treasury officials say that unexpected revenues earned from tax in previous years means there is a surplus of £50bn since the beginning of the economic cycle in 1999. Combined with a further £19bn surplus for the remaining two years of the cycle Treasury officials insist Brown can still meet his rules.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states