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| Pre-Budget report date announced | Pre-Budget report date announced |
| (31 minutes later) | |
| The pre-Budget report will take place on Monday 24 November, Chancellor Alistair Darling has announced. | |
| There has been much speculation that this year the report may include tax cuts, after the PM said he favoured a "fiscal stimulus" to boost the economy. | |
| The chancellor is expected to slash his growth forecasts for the UK economy in the annual statement in the Commons. | |
| He is also expected to modify plans to increase road tax for most cars as he sets out thinking for 2009's Budget. | |
| The date is later than expected because of the uncertain financial and economic situation - it was initially expected in October. | |
| The Monday statement has been chosen, it is believed, to give the prime minister time to consider talks at this weekend's Washington summit. | |
| 'In recession' | |
| That summit is expected to see different countries discuss plans for a "fiscal stimulus", to get their economies going. | |
| The Bank of England said on Wednesday the UK was already in a recession that will continue well into 2009. | |
| On Tuesday the prime minister has already signalled his support for the idea of "unfunded" tax cuts to help kick start the economy. | |
| There has been speculation the PBR may see the government's controversial vehicle excise duty changes, which were due to come in next year, delayed. | |
| There have also been reports that tax credits might be increased and there may be extra help with fuel bills for the elderly. |