Darling announces date for his pre-budget report
CHANCELLOR Alistair Darling will deliver his crucial pre-budget report on 9 December, drawing the battle lines for the general election.
Darling said the PBR’s first priority would be to continue to support the economy until the recovery is established, echoing the agreement of G20 finance ministers last weekend to keep fiscal stimulus in place.
His next target is to restore the UK’s fiscal position and reduce borrowing. The Treasury is scheduled to sell a record £220bn of gilts in the financial year ending March, mostly due to the Bank of England’s quantitative easing programme.
The PRB is also expected to set out ambitious plans for driving future growth.