Downing Street Says » Pre-Budget Report

Asked about the Pre-Budget Report (PBR), the PMS said that people would have to wait for the Chancellor’s statement.

Asked what was said at Cabinet about the PBR, the PMS said that we did not go into detail about what individual Cabinet members said during the meeting; it was an opportunity for the Cabinet as a whole to have a discussion about the PBR.

Asked what the Chancellor had said to his colleagues about the PBR and if jobs and growth had specifically been discussed, the PMS said that we did not go into detail about meetings between Ministers but it was no surprise that issues such as jobs and growth would have been discussed.

Asked if the Prime Minister feared driving banks or top bankers away by targeting bonuses, the PMS said that the Prime Minister had always said that it was important to have a healthy and competitive banking sector and we had seen progress from the measures we took to support the banking sector.

Put that there were more unemployed young people in the UK than there were in Germany, the PMS said that youth unemployment was of concern to the Government and we were taking direct measures to try and address the problem, which all countries were facing. We understood that young people were prone to feeling the long-term effects of unemployment, which was why we were guaranteeing a job, work focussed training or place on a community task force for all those facing a year out of work.

Asked if the Prime Minister thought that workers in both the public and private sectors should share the pain of repaying the deficit, the PMS said that the Prime Minister had always said that pay restraints were important in these challenging times. The Prime Minister mentioned this in his speech on Monday, specifically the senior civil service pay bill, but it was for individual companies to make decisions about pay.

Asked about the transaction tax report being published tomorrow, the PMS said that the Treasury would be producing a discussion document tomorrow on the risks posed to the world economy by financial sector instability. It was a contribution to the international debate on the future of the global financial sector.

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» Wednesday, December 9, 2009

Pre-Budget Report

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