Could the PBR point to an early election?
Will this be Labour’s last Set-Piece before Polling Day? The pre-Budget Report is when the government is meant to set out its spending plans for the year, although it’s more and more taken on the aspect of a mini-budget in its own right. In addition to the economic predictions and expenditure figures, last year’s PBR cut VAT, increased duty on alcohol, tobacco and petrol, and scheduled in increases in Income Tax and National Insurance. If today’s PBR is as active…