Quick Guide: The Budget
Printable version
The Treasury's role

The Pre-Budget Report

The Budget statement

Budget deficits and the golden rule

The Spending Review

The Pre-Budget Report

Since Gordon Brown became Chancellor, the government has published a pre-Budget report each autumn.

It is a chance to warn individuals and businesses about future tax changes, and to provide time for consultation.

It has also been used to float major policy initiatives or deal with political problems, and offers a chance to flag up unpopular measures.

And it includes one of the two economic forecasts the Treasury has to produce, warning of possible budget deficits.