Govt to scrap the pre-Budget report
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The Government is to scrap the pre-Budget report and replace it with a slimmed down Autumn statement, according to the Financial Times.
It was suggested in July that the Treasury was looking at dropping the PBR, which was introduced by Gordon Brown in 1997 with the stated aim of making the Treasury more transparent.
The FT reports that an Autumn statement will instead take place in late November or early December which will see the Office for Budget Responsibility give an economic forecast and may also include some consultation papers.
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Readers' comments (1)
Glen McKeown | 6 Sep 2010 10:17 am
Well there's a novel idea for reducing costs - keep the populace in the dark. I suppose it also has the unforeseen benefit of making criticism that much more difficult!
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