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Author : James Michael Flaherty,Canada. Department of Finance
Publisher : Unknown
Page : 420 pages
File Size : 42,9 Mb
Release : 2008
Category : Budget
ISBN : MINN:31951D03404997E
Author : Great Britain. Treasury
Publisher : The Stationery Office
Page : 228 pages
File Size : 48,9 Mb
Release : 2008-03-12
Category : Business & Economics
ISBN : 0102953333
The Budget sets out the Government's plans for taxation, public spending and economic growth for the coming year. The Government reports that the economy is stable and resilient, and continuing to grow, and that its strict fiscal rules are being met. Measures include: further financial support for children to move 250,000 out of poverty; an additional one-off payment for over-80s and over-60s households alongside the Winter Fuel Payment; increased support and access to finance for small firms; a £200 million package to support and bring forward by one year the GCSE targets; postponement of the planned fuel duty increase of 2 pence per litre in April 2008 until October 2008; an increase in alcohol duty rates by 6 per cent from 17 March 2008; laying the ground work for the introduction for five-year carbon budgets (the first of which will be included in Budget 2009); further steps to tackle climate change, including reforms to Vehicle Excise Duty, auctioning of 100 per cent of allowances for large electricity producers in Phase III of the EU Emissions Trading Scheme, and that to eliminate single use carrier bags the Government will legislate and impose a charge if retailers do not take voluntary action; further reforms to modernise the tax system, and a number of measures to combat tax fraud and avoidance. (Supporting publications issued alongside the Budget are "The UK economy: analysis of long-term performance and strategic challenges" and "2008 long-term public finance report", HM Treasury - http://www.hm-treasury.gov.uk/budget/budget_08/bud_bud08_index.cfm). The National Audit Office "Audit of assumptions Budget 2008" is also available (HC 345, ISBN 9780102953367).
Author : Anonim
Publisher : Combat Poverty Agency
Page : 12 pages
File Size : 44,7 Mb
Release : 2024-06-29
Category : Electronic
ISBN : 8210379456XXX
Author : Great Britain. Treasury
Publisher : The Stationery Office
Page : 244 pages
File Size : 51,6 Mb
Release : 2008
Category : Business & Economics
ISBN : 0101748426
The 2008 Pre-Budget Report presents updated assessments and forecasts of the economy and public finances, and reports on how in the face of major global economic shocks the Government intends to support the economy, businesses and households through these uncertain times while delivering its long-term goals. Measures announced include: temporarily reducing the Value Added Tax (VAT) rate to 15 per cent from1 December 2008 to 31 December 2009; bringing forward £3 billion of capital spending from 2010-11 including introducing a green stimulus supporting low carbon growth and jobs; introducing a new additional higher rate of income tax of 45 per cent for those with incomes above £150,000 from April 2011; increasing national insurance contributions by 0.5 per cent from April 2011; increasing alcohol and tobacco duties; a two pence per litre increase in fuel duty from 1 December). Immediate action to help those individuals and businesses most affected by the economic downturn include: increases in the income tax personal allowance; bringing forward the increase in Child Benefit; increases of the Child Tax Credit and a payment of £60 to all pensioners; help through mortgage rescue and Support for Mortgage Interest schemes for eligible homeowners in difficulty and a commitment from major mortgage lenders not to initiate repossession action within at least three months of an owner-occupier going into arrears; an additional £1.3 billion to support for the unemployed to find a new job; measures to help small and medium-sized enterprises facing credit constraints; a new HMRC Business Payment Support Service to allow businesses in temporary financial difficulty to pay their HMRC tax bills on a timetable they can afford; and more generous tax relief for businesses now making losses and the modification of a number of planned tax reforms, including vehicle excise duty, air passenger duty, and the deferral of the increase in the small companies' rate of corporation tax.
Author : Great Britain: National Audit Office
Publisher : The Stationery Office
Page : 12 pages
File Size : 51,6 Mb
Release : 2008-03-12
Category : Business & Economics
ISBN : 0102953368
This report by the National Audit Office, made under sections 156 and 157 of the Finance Act 1998, examines the conventions and assumptions underlying the Treasury's fiscal projections within the 2008 Budget (HC 388, session 2007-8, ISBN 9780102953336)
Author : Great Britain. Parliament. House of Commons. Treasury Committee
Publisher : The Stationery Office
Page : 174 pages
File Size : 55,7 Mb
Release : 2008
Category : Business & Economics
ISBN : 0215514556
This report examines the forecasts and measures contained in the 2008 Budget (HC 455, session 2007-08, ISBN 9780102953336). The Treasury's lower forecasts for economic growth in 2008 and 2009 are above the average of independent forecasters, suggesting that the Treasury may have given insufficient weight to the risks of continued financial market turbulence and that some of the UK economy's characteristics that have proven beneficial in past crises (rapidly rising residential property prices, close links with the US and an increasing reliance on the financial services industry, for example) might prove to be conduits through which the current problems in global financial markets are transmitted to the UK real economy. The further weakening of the forecasts for the public finances is noted, and it appears premature for the Treasury to state that it is "on course" to meet the golden rule in the next economic cycle, given the lack of an end date for the previous economic cycle. Measures on child poverty are welcomed, but there is a need for a clear explanation on deployment of resources to ensure that the target to halve child poverty by 2010-11 will be achieved. The abolition of the 10 pence rate of income tax will most affect those under 65 years of age, in childless households, earning under £18,500: the Committee feels this group is an unreasonable target for raising additional tax revenues. The Treasury should commission research into whether the withdrawal of the 10 pence income tax band and high marginal deduction rates are creating disincentives that could frustrate the Government's welfare to work objectives. The Committee also calls for a national Saving Gateway targeted at low-income households and more consideration of tax changes on the middle and lower income groups of non-domiciled taxpayers.
Author : Canada. Department of Finance
Publisher : Unknown
Page : 24 pages
File Size : 45,7 Mb
Release : 2008
Category : Budget
ISBN : MINN:31951D03404998C
Author : United States,United States. Office of Management and Budget
Publisher : Unknown
Page : 186 pages
File Size : 52,6 Mb
Release : 2007
Category : Budget
ISBN : MINN:31951D02586616V
Author : Great Britain. Parliament. House of Commons. Treasury Committee
Publisher : The Stationery Office
Page : 178 pages
File Size : 43,8 Mb
Release : 2009
Category : Business & Economics
ISBN : 0215526112
The Treasury Committee's report on the Pre-Budget Report 2008 (Cm. 7484, ISBN 9780101748421) considers that the balance of risks to the Treasury's forecast, for a swift recovery in economic growth for 2010 after a significant decline in output in 2009, is on the downside. The report highlights the lack of bank lending as the single most critical problem for the economy in the near term. The overall effect of the fiscal stimulus remains uncertain, the cost of the reduction in VAT is considerable and, in the view of the majority of commentators, the Treasury's analysis of its impact is an optimistic one. The report notes that the risk of a self-reinforcing deflationary cycle exists in the UK economy at present and recommends that the Treasury prepare and publish the actions it may consider taking should a period of "quantitative easing" be needed. While the need for lower interest rates to maintain economic growth is crucial at the present time, the needs of savers must not be forgotten and the Treasury should consider measures that will also support savers at this difficult time. The report notes with concern that the Pre-Budget Report contains no policy measures which will significantly advance meeting the 2010 child poverty target.
Author : Canadian Centre for Policy Alternatives
Publisher : Unknown
Page : 112 pages
File Size : 41,7 Mb
Release : 2008
Category : Budget
ISBN : 0886275970
Author : Congressional Budget Office (U.S.)
Publisher : Congressional Budget Office
Page : 68 pages
File Size : 55,6 Mb
Release : 2008-09-17
Category : Business & Economics
ISBN : PSU:000063527667
The Congressional Budget Office (CBO) estimates that the deficit for 2008 will be substantially higher than it was in 2007, rising from $161 billion last year to$407 billion this year. Furthermore, CBO’s projections indicate that if current laws and policies remain in place, deficits for the next two years will remain above $400 billion, or about 3 percent of gross domestic product (GDP). Over the longer term, the fiscal outlook continues to depend mostly on the future course of health carecosts as well as on the effects of a growing elderly population.
Author : International Labour Office. Governing Body. Programme, Financial, and Administrative Committee,International Labour Conference
Publisher : International Labour Organization
Page : 118 pages
File Size : 47,8 Mb
Release : 2007
Category : Electronic
ISBN : 9221181502
Author : Peter Fontaine
Publisher : DIANE Publishing
Page : 199 pages
File Size : 50,9 Mb
Release : 2008-06
Category : Business & Economics
ISBN : 9781437902228
One of a series of reports on the state of the budget and the economy that is issued each year; the report makes no recommendations. Contents: The Budget Outlook; The Economic Outlook; The Spending Outlook; The Revenue Outlook; Changes in the Baseline Since August 2007; Trust Funds and Measures of Debt; How Changes in Economic Assumptions Can Affect Budget Projections; The Treatment of Federal Receipts and Expenditures in the National Income and Product Accounts; Economic Projections for 2008 to 2018; Historical Budget Data; Contributors to the Revenue and Spending Projections; Glossary. Charts and tables.
Author : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Environment and Hazardous Materials
Publisher : Unknown
Page : 422 pages
File Size : 41,9 Mb
Release : 2008
Category : Environmental protection
ISBN : PSU:000063512243
Author : United States. Congress. House. Committee on the Budget
Publisher : Unknown
Page : 88 pages
File Size : 51,7 Mb
Release : 2007
Category : Business & Economics
ISBN : PSU:000061490345
