The budget process: a liability to the nation

Article Abstract:

Chancellor of the Exchequer Nigel Lawson claims the 1989-1990 Budget meets the criteria laid down for the reform of Inland Revenue law which includes neutrality, equity, and certainty. However, the budget contains more than 85 pages of complex regulations that violate these principles in such areas as: tax relief for medical insurance for the elderly; deep discount security legislation amendments; and capital gains tax provisions. Two methods to reform the Budget process include separating the annual finance bill into political and technical components, or establishing a reform monitoring committee to ensure finance proposals meet specific criteria.

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Let's wait for the spring!

Article Abstract:

The UK economy grew 0.6% in the third quarter 2001, and no recession is forecast. Consumers helped by spending freely, according to figures reported by the Office of National Statistics.

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Steady as she goes - for now

Article Abstract:

An overview of the British government's pre-Budget statement is presented, in which the Chancellor predicts a healthy economy, low interest rates, low employment and inflation of 2.5%.

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