Financial Times FT.com

UK Pre-Budget 2004

Other sections

Resources

Chancellor's golden rule may not be easy to keep

Gordon Brown has only a 62 per cent chance of staying within his self-imposed limit on government borrowing, even if everything goes right in the rest of this year, a leading think-tank said.

Brown makes pledge on welfare state

Chancellor lays down central plank of election manifesto

Tax-avoidance package to hit City bonuses

Clampdown to raise ?3.5bn by April 2008

Conservatives accuse Brown of 'alchemy in reverse'

Gordon Brown had chose to "slide over the inconvenient facts" of the public finances the Tories said in response to the pre-Budget report.

Local authorities given lifeline in capping battle

Local councils won a significant victory when Gordon Brown announced a near-£1bn handout to forestall high council tax bills.

Related content and features

Business

Family friendly Gordon unveils recipe to win votes

For Tony Blair and Mr Brown the focus is on the general election expected next May. And there is confidence that the chancellor has done enough to face down the Tory election charge that a vote for Labour means a vote for tax hikes.

At a glance

Reaction to the speech

Public finances

Read what business organisations, pressure groups and trade unions thought about Gordon Brown’s pre-Budget.

Sketch

A sunnier Brown has his critics by the gloat

Gordon Brown

Not glowering but gloating. Gordon Brown abandoned his habitual doom-laden mien to deliver a sunny vision of a prosperous Britain under his brilliant economic stewardship.

Personal finance

Brown's less than golden rule

Samuel Brittan

In setting so much store by the golden rule, Gordon Brown has created a rod for his own back. In truth it does not matter all that much for the economy whether the rule is observed or not.

Taxation and red tape in a changing world