Wednesday, 22 April 2009

Budget Day

This afternoon Alistair Darling will present his budget. It will be a day of great excitement and tradition at Westminster. The purpose of his statement is to report to Parliament on the current and future state of the economy; and to announce changes in taxation measures.

A fourteen minute recording is available on the parliamentary website about the history and traditions of the Budget - http://www.parliament.uk/about/podcasts/budget.cfm. A factsheet is available at http://www.parliament.uk/documents/upload/p05.pdf.

The Hansard Society have done a lot of work on the current process - and proposals for reform. Their book, 'The Fiscal Maze' is downloadable at http://www.hansardsociety.org.uk/blogs/downloads/archive/2007/09/17/the-fiscal-maze-jul-2006.aspx

Budget resolutions are passed to give effect to any tax changes announced - and these are then permanent effect after the Finance Bill is passed.

The Treasury maintains a Budget website at http://www.hm-treasury.gov.uk/bud_bud09_index.htm