Tuesday 17 February 2009

Budget 2009 delayed until late April amid deepening recession

The Budget is normally held in early March, but this year's statement has been put back to the latest date since 1997 amid the deepening recession.

The timing of the statement is partly due to a major international economic summit taking place in London on April 2.

Mr Darling told the Commons: "Following the meeting of the G20 countries in April, this year's Budget statement will be on April 22, that is when the House returns after its Easter recess."

Gordon Brown, the Prime Minister, told MPs that the Group of 20 summit is vital to any economic decisions the Government will make in the Budget.

Source: Telegraph....read more.

www.ukba.co.uk

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