The 2010 Budget will be held on March 24th, the Prime Minister has announced. Chancellor of the Exchequer Alistair Darling will deliver his annual financial statement six weeks before the widely-expected date for the general election – May 6th.He is due to set out plans to cut the UK's deficit in the Commons, which is likely to peak at £178 billion this year.
Gordon Brown claimed that the worst of the recession was over but agreed with the many forecasters who deem the recovery as being "fragile". Mr Brown said the government would use the Budget to set out in more detail how it aims to restore the public finances, while protecting the fundamental public services that we all depend on.
According to the Office for National Statistics, the UK emerged from a six-quarter recession in the final quarter of 2009.
APA will be issuing its Budget Report on March 24th to outline which elements of it most impact on PAs and the businesses they work for.
APA
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