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House of Commons
Session 2003-04
Publications on the internet
Treasury Committee Publications

Treasury - Third Report

Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 13 January 2004.


Terms of Reference


The economy

Public sector finances: fiscal balance and the golden rule

Tax receipts

Public expenditure

Other issues in the PBR

1 Introduction

This inquiry

The Pre-Budget Report

2 The Economy

The recent past

The outlook for the UK economy


Fixed capital formation

The output gap

The switch in the inflation target

3 Public Sector Finances

The fiscal balance

The framing of the golden rule

The fiscal position

End of year fiscal report

Tax receipts

Income tax

Tax forecasting

Public expenditure

The division between current spending and investment spending

Measuring real government output

4 Other Issues

The housing market

Taxation of small incorporated businesses

Child poverty and the Child Tax Credit


Conclusions and recommendations

Formal minutes


List of Written evidence

List of Reports from the Treasury Committee since 2001

Oral and written evidence Ev 1


Monday 15 December 2003

Tuesday 16 December 2003

Thursday 18 December 2003

Written evidence

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Prepared 21 January 2004