Tomorrow's Pre-Budget announcement is a difficult one to predict.
Here's an overview of our thoughts:
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The focus for Pre-Budget 2009 should be to foster a stable economic environment to help boost business confidence and encourage investment.
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The PBR should also set out a credible plan to reign in public finances.
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Unfortunately, with the general election months away, the PBR could be more about political priorities than economics ones.
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Nonetheless, the Chancellor should resist the temptation to introduce tax rises intended to seek a political reaction from the Opposition parties, but damage the fragile recovery in the process.
For further details, download our pre-PBR Briefing.