Financial Statement and Budget Report 1997


Prepared for the Internet by The Stationery Office
from House of Commons Paper No. HC 85,
published by The Stationery Office as ISBN 0 10 263398 3
Price: £16.80 [pounds sterling]
(c) Crown copyright 1997

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The Financial Statement and Budget Report contains the Government's assessment of the medium-term economic and budgetary position. It sets out the Government's tax and spending plans, including those for public investment, in the context of its overall approach to social, economic, and environmental objectives. After approval by Parliament for the purposes of Section 5 of the European Communities (Amendment) Act 1993, this report will form the basis of submissions to the European Commission under Articles 103 and 104c of the Treaty establishing the European Union.

Contents

The Budget

Chapter 1 - Equipping Britain for our long-term future

Chapter 2 - The Budget measures
Other tax measures
Providing high quality public services
Annex A: Explaining the tax costings
Annex B: Tax changes announced before the Budget

Chapter 3 - The economy: developments and prospects
Overview
Developments and short-term prospects
The economy in the medium term
Annex A: The world economy

Chapter 4 - The public finances
Annex A: Further analyses of the public finances
Annex B: Conventions used in presenting the public finances

List of abbreviations

List of tables

List of charts

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Prepared 2 July 1997