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House of Commons
Session 2006-07
Publications on the internet
Treasury Committee Publications

Treasury - Fifth 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 18 April 2007.


Terms of Reference


1 Introduction

2 The economy

Economic outlook

The output gap


Inflation and monetary policy

Business investment

The international economy and net trade

3 The public finances

The current budget balance

Revenue receipts

North Sea revenue

Non-North Sea corporation tax

Forecasting record

Public spending

Overall spending limits up to 2010-11

Public sector net investment

The golden rule

The sustainable investment rule

International Financial Reporting Standards and PFI liabilities

4 Tax measures

Personal taxation, tax credits and child poverty

Simplifying the personal taxation system

Winners and losers and the importance of tax credits

Tax credit take-up

Meeting the child poverty targets

An additional child poverty target?

The need for comprehensive analysis

Corporate taxation

Changes to the main rate and capital allowances

Small businesses

Climate change and environmental measures


Carbon pricing

Promoting low carbon technologies

Encouraging behavioural change

The Government's overall approach

Missing Trader Intra-Community fraud

5 Other issues

The Gershon programme of efficiency savings

Background and overall progress

Transparency and verification

Civil Service workforce reductions


Aspects of the Comprehensive Spending Review


Timing of the outcome of the Review

The timing of departmental settlements

Education spending

The Financial Assistance Scheme


Front-line services


Conclusions and recommendations

Formal minutes

List of witnesses

List of written evidence

List of Reports from the Treasury Committee during the current Parliament

List of Oral Evidence

Monday 26 March 2007

Wednesday 28 March 2007

Thursday 29 March 2007

Written Evidence

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Prepared 23 April 2007