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Budget 2011 - A strong and stable economy

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HM Treasury - Expert Author

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Issued 23 March 2011

Creating lasting prosperity requires the economy to change and to rebalance from unsustainable public spending towards exports and investment. The Government has set out a clear plan to address the significant challenges facing the UK economy and the public finances.

The June Budget 2010 and the Spending Review 2010 took the first steps in implementing this plan by taking rapid action to address the record level of borrowing that the Government inherited.

Building on this, the Budget announces further action that supports private sector-led growth while keeping the plan to tackle the deficit on track. This balance is achieved because the package of measures announced in the Budget will have a neutral net effect on the public finances.

The Independent Office of Budget Responsibility’s judgement is that the Government is on track to meet its fiscal mandate of eliminating the structural current deficit and placing debt on a downwards path by the end of this Parliament.

Budget 2011 -

 


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Article Published/Sorted/Amended on Scopulus 2011-03-24 11:16:58 in Economic Articles

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