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Pre-Budget Report 2006 Summary
Investing in Britain's potential: Building our long-term future | |||
Building a fairer society The Government’s aim is to build a fairer society in which everyone can contribute to and share in rising national prosperity. The Pre-Budget Report sets out the steps the Government is taking to tackle child and pensioner poverty, to support families and children, and to promote savings. The Government is also continuing to build a modern tax system in which everyone pays their fair share. The Child Tax Credit was introduced in April 2003, to support families with children, help to tackle child poverty, and ensure continuity of income for people moving into work. By April 2006, around 10.1 million children were benefiting from the support it provides. The Pension Credit, introduced in October 2003, provides extra help for low and modest income pensioners and rewards those who have saved for retirement. In the Pre-Budget Report, the Government takes further steps to promote a fairer society, including:
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