L i s t o f a b b r e v i a t i o n s

Transcription

1 L i s t o f a b b r e v i a t i o n s AEF AME AMLD APD APR Aggregate External Finance Annually Managed Expenditure Amusement Machine Licence Duty Air passenger duty Annual Percentage Rates BCC BIS BRE British Chamber of Commerce Business for Innovation and Skills department Better Regulation Executive CAP CBI CCAs CCL CCS CERT CGT CGNCR CHP CIPFA CO2 CPI CSR CTC CTF CVS Common Agricultural Policy Confederation of British Industry Climate change agreements Climate change levy Carbon capture and storage Carbon Emissions Reduction Target Capital Gains Tax Central government net cash requirement Combined Heat and Power Chartered Institute of Public Finance and Accountancy Carbon dioxide Consumer Prices Index Comprehensive Spending Review Child Tax Credit Child Trust Fund Corporate Venturing Scheme DCMS DCSF DEFRA DEL DfES DFID DfT DH DMO DTI DVLA DWP Department of Culture, Media and Sport Department for Children, Schools and Families Department for Environment, Food and Rural Affairs Departmental Expenditure Limit Department for Education and Skills Department for International Development Department for Transport Department of Health Debt Management Office Department of Trade and Industry Driver and Vehicle Licensing Agency Department for Work and Pensions EC ECA ECF EEA EEC EFSR EIS EMI EPC European Communities Enhanced Capital Allowance Enterprise Capital Fund European Economic Area Energy Efficiency Commitment Economic and Fiscal Strategy Report Enterprise Investment Scheme Enterprise Management Incentive Economic Policy Committee 2009 Pre-Budget Report 207

2 ESA Employment and Support Allowance ESA95 European System of Accounts 1995 EU European Union EU ETS EU Emissions Trading Scheme FDI FE FRS FSA FSBR Foreign direct investment Further Education Financial Reporting Standard Financial Services Authority Financial Statement and Budget Report G7 G8 G20 GAAP GAD GCSE GDP GGNB GLA GNI GVA A group of seven major industrial nations (comprising: Canada, France, Germany, Italy, Japan, UK and US). The G8 is an informal group of eight countries: Canada, France, Germany, Italy, Japan, Russia, the UK and the US. A group of 20 Finance Ministers and Central Bank Governors representing nineteen countries plus the European Union Generally Accepted Accounting Practices Government Actuary s Department General Certificate of Secondary Education Gross Domestic Product General government net borrowing Greater London Authority Gross National Income Gross Value Added HB HMRC HMT Housing Benefit Her Majesty s Revenue and Customs Her Majesty s Treasury IAS IB IFRS IFS IHT ILO IMF IPCC ISA ISB IWC International Accounting Standards Incapacity Benefit International Financial Reporting Standards Institute for Fiscal Studies Inheritance Tax International Labour Organisation International Monetary Fund Intergovernmental Panel on Climate Change Individual Savings Account Invest to Save Budget In Work Credit JSA Jobseeker s Allowance LASFE LATS LFS LHA LIBOR LPG LTCS LTPFR Local authority self-financed expenditure Landfill Allowance Trading Scheme Labour Force Survey Local Housing Allowance London Inter-Bank Offered Rate Liquefied petroleum gas Landfill Tax Credit Scheme Long Term Public Finance Report Pre-Budget Report

3 MDRs MIG MoD MORI MPC MTIC Marginal deduction rates Minimum Income Guarantee Ministry of Defence Market and Opinion Research International Monetary Policy Committee Missing Trader Intra-Community NAO NCIS NEET NHS NICs NIESR NMW NVQ National Audit Office National Criminal Intelligence Service Not in education, employment or training National Health Service National Insurance Contributions National Institute of Economic and Social Research National Minimum Wage National Vocational Qualification ODPM Office of the Deputy Prime Minister OECD Organisation for Economic Cooperation and Development OFCOM Office of Communications OFGEM Office of Gas and Electricity Markets OFT Office of Fair Trading OGC Office of Government Commerce ONS Office for National Statistics OPEC Organisation of Petroleum Exporting Countries PAC PAYE PBR PCT PEP PFI PGS PSA PSNB PSNI Public Accounts Committee Pay As You Earn Pre - Budget Report Primary Care Trust Personal Equity Plan Private Finance Initiative Planning-gain Supplement Public Service Agreement Public sector net borrowing Public sector net investment R&D RDA REITs RES RPI RPIX RTFO Research and Development Regional Development Agency Real Estate Investment Trusts Regional Economic Strategy Retail Prices Index Retail Prices Index excluding mortgage interest payments Renewable Transport Fuels Obligation SBRI SDLT SDRT SERPS SFLG SME STEM Small Business Research Initiative Stamp Duty Land Tax Stamp Duty Reserve Tax State Earnings Related Pension Scheme Small Firms Loan Guarantee Small and medium-sized enterprise Science Technology Engineering and Mathematics 2009 Pre-Budget Report 209

4 TME TSB Total Managed Expenditure Technology Strategy Board UKFI United Kingdom Financial Investments VAT VCT VED Value Added Tax Venture Capital Trust Vehicle excise duty WGA WTC Whole of Government Accounts Working Tax Credit LIST OF TABLES 1.1 Meeting the fiscal rules 1.2 Budget 2008 policy decisions 2.1 Summary of UK forecast 2.2 Summary of fiscal projections 2.3 Summary of public sector finances 2.4 Fiscal balances compared with Budget Fall in output and employment in recessions 5.2 Weekly minimum income guarantees 5.3 Marginal deduction rates 7.1 The environmental impacts of measures in the 2009 Pre-Budget Report A1 A2 A3 A4 A5 A6 A7 A8 A9 A10 The world economy Contributions to trend output growth Summary of forecast Contributions to GDP growth Household sector expenditure and income Gross fixed capital formation Trade in goods and services Budget and independent forecasts Summary of economic prospects gross domestic product and its components B1 Economic assumptions for the public finance projections B2 Summary of public sector finances B3 Fiscal balances compared with Budget 2009 B4 Estimated costs for Pre-Budget Report policy decisions and others announced since Budget 2009 B5 Bands of taxable income B6 Income tax allowances B7 National insurance contribution rates B8 Working and Child Tax Credit rates and thresholds B Net taxes and national insurance contributions B10 Current receipts B11 Current receipts as a proportion of GDP B12 Net taxes and national insurance contributions Pre-Budget Report

5 B13 Current and capital budgets B14 Current and capital budgets B15 Total Managed Expenditure to B16 Changes to Total Managed Expenditure since Budget 2009 B17 Departmental Expenditure Limits resource and capital budgets B18 Financial interventions impact on PSNB B19 Financial interventions impact on PSND B20 Financial interventions impact on CGNCR B21 Public sector net cash requirement B22 Financing requirement forecast B23 Historical series of public sector balances, receipts and debt B24 Historical series of government expenditure LIST OF CHARTS 1.1 Government spending by function 1.2 Government receipts 2.1 Inflation performance and expectations 2.2 Change in projection of cyclically-adjusted net borrowing since Budget Meeting the fiscal consolidation plan 2.4 Balancing the cyclically adjusted current budget 2.5 Fiscal policy supporting economic stability 5.1 Claimant count, inflows and outflows flows (000s) 5.2 UK employment and unemployment rates 5.3 Preventing long-term detachment 7.1 Global greenhouse gas emissions 7.2 The UK is on track to meet its carbons budgets 7.3 UK energy mix now and in Estimated change in summer temperature in the UK A1 A2 A3 A4 A5 A6 Official interest rates in the major advanced economies G7 trade and world trade The output gap Gross Domestic Product (GDP) CPI Balance of payments current account B1 B2 Tax-GDP ratio Total Managed Expenditure 2009 Pre-Budget Report 211

6 Cover photography: Getty Images / Brand New Images Department for Business, Innovation and Skills Getty Images / Mike Harrington Getty Images / Robin MacDougall Printed in the UK by The Stationery Office Limited on behalf of the Controller of Her Majesty s Stationery Office 12/09 Printed on Paper containing 100% recycled content Pre-Budget Report