The 2004 pre-budget report: first report of session 2004-05 report, together with formal minutes, oral and written evidence

House of Commons papers 138 2004-05

Corporate Author:

Great Britain Parliament House of Commons Treasury Committee

Author:

John McFall (chairman)

Publisher:

TSO (The Stationery Office)

The Committee has examined the Treasury's Pre-Budget Report (PBR) (Cm. 6408, ISBN 010164082X) published in December 2004, which set forecasts for the economy and public finances and reported on the implementation of the Government's long-term goals. Conclusions reached by the Committee include: that the UK's presidencies in 2005 of both the G8 and the EU puts the Government in a strong position to play a positive role in advancing discussions on global economic reform and fairer trade with developing countries; the Treasury's growth forecast for 2005 is more optimistic than the external consensus, although the gap probably lies within the bounds of forecasting error and the Treasury's recent forecasting record for economic growth has been good; there are concerns that it is unlikely the Treasury will be able to meet its 'golden rule' for current borrowing levels for public finances. The Committee also restates its previous criticism for the short period of notice given for publication of the PBR.

Extent	54, Ev 96p.	ISBN	9780215021441
Size	N/A	Price	£22.50
Binding	Paperback	Published	27 Jan 2005
Availability	Colour copy: 3 - 5 days	Delivery	Delivery options and charges

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