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Options for 1996: The Green Budget


The Green Budget outlines the macroeconomic background, assesses the fiscal stance, and then considers a wide range of tax and spending issues that will be on the Chancellor's pre-budget agenda.

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The Chancellor and Shadow Chancellor have both outlined the fiscal targets that they would seek to adhere to. Mr Javid has chosen to adopt a forward-looking rolling target aimed at current budget balance. In other words, day-to-day spending could not exceed total revenues. This is very similar in ...