Download or read book Pre budget report December 2009 written by Great Britain: H.M. Treasury and published by Stationery Office. This book was released on 2009-12-09 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2009 Pre-Budget Report (Cm. 7747, ISBN 9780101774727), Securing the recovery: growth and opportunity, presents updated assessments and forecasts of the economy and public finances and reports on how, in the face of the downturn, the Government is delivering support to the economy, businesses and households to secure the recovery and provide a platform for growth and opportunity. Announcements in the Pre-Budget include: support for business and growth, including extending empty property relief and the Enterprise Finance Guarantee and deferring the increase in the Small Companies rate for another year; support for low carbon growth, through doubling from two to four for the UK's commitment to fund carbon capture and storage demonstration projects, including increasing support for low carbon vehicles; support for individuals, so that 18-24's claiming Jobseekers Allowances for 6 months will be guaranteed a job, work placement or work-related skills training.The Pre-Budget also announces that a temporary payroll tax for 50% will apply to discretionary bonuses above £25,000 for individual employees. There will also be an increase of 0.5% in the employee, employers and self-employed rates of national insurance contributions from April 2011; a freeze in the point at which individuals start to pay the higher rate of income tax in 2012-13; a restriction of pensions tax relief from April 2011. The Pre-Budget also sets out the Government's plans to reduce borrowing by 5.5% of GDP in 2013-14.
Download or read book Pre budget Report 2009 written by Great Britain. Parliament. House of Commons. Treasury Committee and published by . This book was released on 2010-04-06 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government response to HC 180, session 2009-10 (ISBN 9780215543097). The Pre-budget report 2009 published in December 2009 (Cm. 7747, ISBN 9780101774727)
Download or read book Pre budget Report 2009 written by Great Britain: Parliament: House of Commons: Treasury Committee and published by The Stationery Office. This book was released on 2010 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report acknowledges that deciding the right time for fiscal consolidation requires making a fine judgement about the resilience of the recovery. It emphasises that a plan to restore the health of the public finances must deal with the structural deficit. While the Treasury aims to cut the deficit from 9% of GDP to 3.6% of GDP in four years, the expert witnesses who examined it all criticised the document for not providing enough information about how this will be achieved. Future Budgets and PBRs should attempt to quantify the downside risks around the structural deficit forecast. There will be uncertainty in these figures, but they are produced as part of the Spending Review process so there appears to be no argument against their publication. Similarly the Bank of England publishes forecasts showing the possible range of inflation rates and publishing information about debt interest on a similar basis would be useful. The recession appears to have had substantially less impact on the labour market than might have been feared, though concern remains about the level of youth unemployment. Repossessions have been far lower than expected however it is recommended that the Treasury proceeds cautiously over the timing of removal of Government support in this area. We do not want to see a return to the times of easy credit, but the Government needs to remain aware of the risk that lending will not support renewed private sector growth as the public sector retrenches. The purpose of the tax on bank bonuses is to change behaviour so that banks increase their capital, rather than providing large discretionary payments to employees. The next Parliament needs to examine the effectiveness of any regime introduced by the Financial Services Bill, in terms both of its success in altering bank behaviour, and of its effect on the competitiveness of the UK financial sector
Download or read book Model Rules of Professional Conduct written by American Bar Association. House of Delegates and published by American Bar Association. This book was released on 2007 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Download or read book Budget 2009 written by Great Britain. Treasury and published by The Stationery Office. This book was released on 2009 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Budget sets out the Government's plans for taxation, public spending and economic growth for the coming year. Details announced include: an annual growth rate of 2.5 per cent for 2006-07 with a forecast of 2.75 to 3.25 per cent for 2007-08; an inflation rate of two per cent this year; and public sector borrowing on course for a 16 billion surplus over the economic cycle ending in 2010-11, with net borrowing set at 37 billion for this year and 36 billion next year, falling to 23 billion in the year to 2010-11.
Download or read book Governor s Budget Report written by Kansas. Budget Division and published by . This book was released on 1923 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pre budget Report 2008 written by Great Britain. Treasury and published by The Stationery Office. This book was released on 2008 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Budget 2009 written by Great Britain. Parliament. House of Commons. Treasury Committee and published by The Stationery Office. This book was released on 2009 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the forecasts and measures contained in the 2009 Budget (HC 107, session 2008-09, ISBN 9780102959161). The Committee noted that there is considerable uncertainty around the Government's GDP growth forecasts for 2009-2011, reflecting the fact that the UK economy is in uncharted territory. Whilst it is possible that the Government will meet its growth forecasts on the available evidence the Committee considers this an optimistic assumption. They question the decision to assume that the economy will begin registering positive growth as early as the fourth quarter of 2009 and that the economy will register such strong growth in 2011. The Committee's concern is in that the sharp recovery in consumption forecast for 2011 might be too optimistic given that the UK economy will only just have emerged from a sharp downturn. The strong rebound forecast in consumption growth from 2011 onwards has important implications for whether the rebalancing of the UK economy with a shift away from consumption and a rise in the savings ratio, is merely a short-term phenomenon. The Committee notes it is too early to judge whether the November 2008 fiscal stimulus has been successful.The Committee looked at unemployment and considers it too early to judge whether the Government's proposed guarantee of a job, work placement or training scheme for all young people who have been on Jobseekers Allowance for 12 months together with the monetary and fiscal stimuli will be sufficiently timely and substantial response to the unemployment challenge.For public finances the Committee recommends that future budgets and pre-budget reports provide a sectoral analysis of tax revenues so that as the UK economy becomes less dependent on financial services and other sectors become more prominent, the basis of the Treasury's revenue forecasts can be scrutinised. The Committee was concerned over the lack of any substantial measures to combat child poverty. For the housing market the Committee calls for a more stable framework for the payment of Local Housing Allowance and welcome the help announced for homeowners but regret the delays in implementation and lack of clarity in respect of some of the schemes, recommending that clear information is provided. The vehicle scrappage is noted to be of importance to the car industry and that it has been welcomed in some quarters and await the pre-budget 2009 report to assess how effective the scheme has been. The Committee believes there are uncertainties over the yield to be raised by the 50 percent top rate of income tax and recommend that the Treasury should report in the 2011 PBR on the revenue raised both nominally and as a percentage of the theoretical maximum revenue by this new top rate.Regarding tax relief on pensions the Committee notes the departure from the long standing principle that tax relief for pension contributions should be given at an individuals marginal rate tax and urges the Treasury to monitor the effect of this change, keeping under review the possibility that a cap on annual contributions might be a more equitable way of reducing the percentage of tax relief that benefits the highest earners.
Download or read book Audit of assumptions for budget 2010 written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2010-03-24 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the conventions and assumptions underlying the fiscal projections within the 2010 Budget (HC 451, session 2009-10, ISBN 9780102964639) that are submitted by the Treasury for examination, along with a review of assumptions on the VAT gap, tobacco revenues, factor shares in national income and funding (debt increase)
Download or read book Budget 2010 written by Great Britain. Treasury and published by The Stationery Office. This book was released on 2010-03-24 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Budget sets out the Government's plans for taxation, public spending and economic growth for the coming year. Details announced include: an annual growth rate of 2.5 per cent for 2006-07 with a forecast of 2.75 to 3.25 per cent for 2007-08; an inflation rate of two per cent this year; and public sector borrowing on course for a 16 billion surplus over the economic cycle ending in 2010-11, with net borrowing set at 37 billion for this year and 36 billion next year, falling to 23 billion in the year to 2010-11.
Download or read book The impact of spending cuts on science and scientific research written by Great Britain: Parliament: House of Commons: Science and Technology Committee and published by The Stationery Office. This book was released on 2010-03-23 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pressure to be seen to be making cuts across the public sector is threatening to undermine both the Government's good record on investment in science and the economic recovery. Whilst the contribution of a strong domestic science base is widely acknowledged, methodological problems with quantifying its precise value to the economy mean that it is in danger of losing out in Whitehall negotiations. Scientists are under increasing pressure to demonstrate the impact of their work and there is concern that areas without immediate technology applications are being undervalued. The Committee believes the Government faced a strategic choice: invest in areas with the greatest potential to influence and improve other areas of spending, or make cuts of little significance now, but that will have a devastating effect upon British science and the economy in the years to come.
Download or read book The major road network written by Great Britain: Parliament: House of Commons: Transport Committee and published by The Stationery Office. This book was released on 2010-03-30 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Incorporating HC 533, session 2008-09
Download or read book Initial report on public sector senior remuneration 2010 written by Great Britain: Review Body on Senior Salaries and published by The Stationery Office. This book was released on 2010-03-24 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Senior Salaries Review Body (SSRB) was asked for an interim report, ahead of the 2010 Budget, on senior remuneration in the public sector. It is critical to ensure public confidence in this area: confidence that high salaries are not being paid where they are not merited; and, where they are paid, confidence that they are justified by rigorous processes and evidence of sustained high performance. The SSRB proposals are intended to make a significant contribution to providing reassurance. The public sector is complex and so are the arrangements for pay and it has been difficult to gather comprehensive and consistent data. But it is estimated that over 25,000 people in the public sector are earning over £100,000 a year and many over £150,000. The first step is to provide clear rules through a code of practice, and this report includes a draft code which should be opened to consultation. The SSRB would like to see the code finalised by the end of July 2010 with a view to implementation by the end of 2010. Implementation would be the responsibility of the bodies in each sector. The SSRB also advocates developing a structure of pay ranges for senior public sector pay. A set of reference ranges would provide organisations or clusters of organisations with a pay framework that is currently lacking. Part C of the report details progress on a review of chief executive pay in Non Departmental Public Bodies. The methodology used could be applied more widely.
Download or read book Foreign and Commonwealth Office Annual Report 2008 09 written by Great Britain. Parliament. House of Commons. Foreign Affairs Committee and published by The Stationery Office. This book was released on 2010 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: The FCO departmental report and resource accounts 2008-09 published as HC 460-I,II (ISBN 9780102961614)
Download or read book Priorities for investment in the railways written by Great Britain: Parliament: House of Commons: Transport Committee and published by The Stationery Office. This book was released on 2010-02-15 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The railways in Britain are currently experiencing historically high levels of investment. Network Rail, the monopoly owner and operator of Britain's fixed rail infrastructure, is investing about £35 billion in the railway network between 2009 and 2014. In this inquiry the Transport Committee assess the value of further investment to enhance Britain's railway network and - within the context of likely public spending reductions following the recession - to identify essential rail investment priorities for the future. Investment in rail enhancements can positively benefit the economy through reducing journey times, providing access to employment, contributing to the regeneration of local areas and, in the short-term, providing much-needed construction jobs. Failure to invest now to enhance the network, and to alleviate capacity constraints, will only damage the prosperity of the railways in the long term. The Committee believes the Government should continue to focus on enhancing the network, promoting integration of transport modes and reacting positively to proposals to develop new rail lines, or reopening old ones, serving communities with little or no access to the rail network. The report sets out which needs and schemes the Committee thinks should be considered high priorities in the medium to long-term.
Download or read book Legislative Scrutiny written by U K Stationery Office and published by The Stationery Office. This book was released on 2009 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Legislative Scrutiny : Financial Services Bill and the Pre-budget report, third report of session 2009-10, report, together with formal minutes and Appendices
Download or read book Comparative Public Budgeting written by Charles Menifield and published by Jones & Bartlett Publishers. This book was released on 2011 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comparative Public Budgeting and Finance is a collection of original chapters examining public budgeting issues, methods, and techniques in countries around the world. Each chapter explores the history of the budget system and how it fits within the political system in the country, as well as the legal foundation and any reforms that affect the budget system. A discussion of revenue and expenditure allocations is included in each section. Each chapter also examines topics such as: budget behavior and decision making, capital budgeting, analytical processes, budget processes, intergovernmental relations, budget reform, performance budgeting, and financial management. Each chapter concludes with a list of thought provoking questions, an appendix, end notes and a glossary which provides a point of departure for classroom discussion as well as individual student research on each country.
