Budget 2005: Investing for Our Future, Fairness and Opportunity for Britain's Hard-working Families, Economic and Fiscal Strategy Report and Financial Statement and Budget Report, March 2005

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The Stationery Office, 2005 - Business & Economics - 291 pages
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The Budget presents an updated assessment of the economy and public finances and reports on Government policies. It: shows that the economy is growing strongly and the Government is meeting its fiscal rules; announces a long-term investment programme for schools and sets out further measures to help young people develop skills; sets out reform to reduce the regulatory burden on business; announces free local travel for people over 60 and provide 200 towards the council tax bill for those over 65; makes a commitment to increase Child Tax Credit in line with earnings; doubles the threshold for stamp duty; increases the special reserve for military operations; announces a better targeted Local Enterprise Growth Initiative; introduces measures to modernise the tax system; defers any increase in fuel duty until September 2005.
 

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Contents

Overview
1
Maintaining macroeconomic stability
15
Meeting the productivity challenge
41
Increasing employment opportunity for all
79
Building a fairer society
101
Delivering high quality public services
133
Protecting the environment
151
AnnexA Illustrative longterm fiscal projections
175
List of abbreviations
283
List of charts
290
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