The role of the Budget is to provide an update on the state of the economy and the public finances and to present new forecasts for each, to set out the Government's economic and fiscal objectives, to report on the progress the Government has made toward achieving its objectives, and to set out the further steps the Government is taking to meet them.
The Budget is the major financial and economic statement made each year by the Chancellor of the Exchequer to the Parliament. A guide to the Budget, including a list of all Chancellors since World War II is available on this website:
http://hm-treasury.gov.uk/budget.htm.
I'll try to update this post with my perspective of the budget.
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