Tomorrow's Pre-Budget announcement is a difficult one to predict.
Here's an overview of our thoughts:
The focus for Pre-Budget 2009 should be to foster a stable economic environment to help boost business confidence and encourage investment.
The PBR should also set out a credible plan to reign in public finances.
Unfortunately, with the general election months away, the PBR could be more about political priorities than economics ones.
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.