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Schools plan in pre-Budget report Schools plan in pre-Budget report
(about 3 hours later)
Gordon Brown is expected to announce billions of pounds of investment in schools as he unveils his 10th and possibly final pre-Budget report.Gordon Brown is expected to announce billions of pounds of investment in schools as he unveils his 10th and possibly final pre-Budget report.
A 15-year programme would see England's 21,000 primary and secondary schools given funding to expand and refurbish.A 15-year programme would see England's 21,000 primary and secondary schools given funding to expand and refurbish.
The chancellor, the favourite to become the next PM, is also widely tipped to raise green taxes in a bid to reclaim the environment as Labour's territory.The chancellor, the favourite to become the next PM, is also widely tipped to raise green taxes in a bid to reclaim the environment as Labour's territory.
The Tories have called for green taxes, including a carbon tax on businesses.The Tories have called for green taxes, including a carbon tax on businesses.
Economic growth
The chancellor is expected to give an upbeat assessment of the economy, but the pre-Budget report is being seen as more of a political manifesto for the leader-in-waiting.The chancellor is expected to give an upbeat assessment of the economy, but the pre-Budget report is being seen as more of a political manifesto for the leader-in-waiting.
In contrast to the last pre-Budget report when Mr Brown was forced into an embarrassing climb down over his 2005 growth forecast, this year the economy looks on track to at least match - if not exceed - the Treasury's 2-2.5% prediction of economic growthIn contrast to the last pre-Budget report when Mr Brown was forced into an embarrassing climb down over his 2005 growth forecast, this year the economy looks on track to at least match - if not exceed - the Treasury's 2-2.5% prediction of economic growth
The pre-Budget report will be Mr Brown's 10th
The chancellor may also revise up the economy's trend growth rate from 2.5% to 2.75%.The chancellor may also revise up the economy's trend growth rate from 2.5% to 2.75%.
Tax increases could include those for air travel and car use, coming after the Stern review in October on climate change warned that action was necessary to combat global warming.Tax increases could include those for air travel and car use, coming after the Stern review in October on climate change warned that action was necessary to combat global warming.
There could also be increases in the top rate of Vehicle Excise Duty and Air Passenger Duty.There could also be increases in the top rate of Vehicle Excise Duty and Air Passenger Duty.
Also, this month the influential cross-party Environmental Audit Committee accused the Treasury of not heeding calls for greater action on climate change.Also, this month the influential cross-party Environmental Audit Committee accused the Treasury of not heeding calls for greater action on climate change.
The committee wrote to the Treasury calling for more action to help curb greenhouse gas emissions, such as financial incentives for those reducing emissions and penalties for those who do not.The committee wrote to the Treasury calling for more action to help curb greenhouse gas emissions, such as financial incentives for those reducing emissions and penalties for those who do not.