Treasury - Fifth Report
Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 18 April 2007.
Contents
Terms of Reference
Summary
1 Introduction
2 The economy
Economic outlook
The output gap
Migration
Inflation and monetary policy
Business investment
The international economy and net trade
3 The public finances
The current budget balance
Revenue receipts
North Sea revenue
Non-North Sea corporation tax
Forecasting record
Public spending
Overall spending limits up to 2010-11
Public sector net investment
The golden rule
The sustainable investment rule
International Financial Reporting Standards
and PFI liabilities
4 Tax measures
Personal taxation, tax credits and child
poverty
Simplifying the personal taxation system
Winners and losers and the importance of
tax credits
Tax credit take-up
Meeting the child poverty targets
An additional child poverty target?
The need for comprehensive analysis
Corporate taxation
Changes to the main rate and capital allowances
Small businesses
Climate change and environmental measures
Background
Carbon pricing
Promoting low carbon technologies
Encouraging behavioural change
The Government's overall approach
Missing Trader Intra-Community fraud
5 Other issues
The Gershon programme of efficiency savings
Background and overall progress
Transparency and verification
Civil Service workforce reductions
Conclusions
Aspects of the Comprehensive Spending Review
Introduction
Timing of the outcome of the Review
The timing of departmental settlements
Education spending
The Financial Assistance Scheme
Efficiency
Front-line services
Conclusions
Conclusions and recommendations
Formal minutes
List of witnesses
List of written evidence
List of Reports from the Treasury Committee
during the current Parliament
List of Oral Evidence
Monday 26 March 2007
Wednesday 28 March 2007
Thursday 29 March 2007
Written Evidence
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