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ARTICLE · 01 APRIL 2015

UK Pre-Election Budget

Deloitte
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On Wednesday the Chancellor will deliver his sixth and final Budget of this Parliament. In many respects this is the pre-election Budget the Chancellor always hoped to be able to deliver.

United KingdomGovernment, Public Sector
Ian Stewart
Ian Stewart
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On Wednesday the Chancellor will deliver his sixth and final Budget of this Parliament. In many respects this is the pre-election Budget the Chancellor always hoped to be able to deliver.

Developments since the Autumn Statement in December have been overwhelmingly positive. The oil price has fallen, government bond yields have edged lower and prospects for growth in the UK and euro area have improved.

On Wednesday the Chancellor is likely to present a picture of good growth and rising incomes.

The UK's budget deficit, one of the largest in the industrialised world, precludes any big pre-election give-aways. But stronger than expected growth means that forecasts for the deficit are likely to be nudged down and spending on priority areas nudged up.

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