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LIST OF ABBREVIATIONS

AEI
Average Earnings Index
AESOP All-Employee Share Ownership Plan
AME Annually Managed Expenditure
APPs Appropriate personal pensions
AWP Affordable Warmth Programme
BCC British Chambers of Commerce
BCS British Crime Survey
CAT Charges Access Terms
CBI
Confederation of British Industry
CCL Climate Change Levy
CED Consumers' expenditure deflator
CFCs Controlled Foreign Companies
CGT
Capital gains tax
CHP Combined Heat and Power
CIPS
Chartered Institute of Purchasing and Supply
CITC Community Investment Tax Credit
CMF Capital Modernisation Fund
CO2 Carbon Dioxide
COMPS Contracted-out money purchase schemes
COSRS
Contracted-out salary related schemes
CPA Crop Protection Association
CSR Comprehensive Spending Review
DEL Departmental Expenditure Limits
DETR Department of the Environment, Transport and the Regions
DfEE Department for Education and Employment
DGFT
Director General of Fair Trading
DIS Departmental Investment Strategy
DLA Disability Living Allowance
DPTC Disabled Person's Tax Credit
DTI Department of Trade and Industry
DVLA Driver and Vehicle Licensing Agency
DWA Disability Working Allowance
EAC Environmental Audit Committee
EA(PC) Cabinet Committee on Productivity and Competitiveness
EC
European Commission
EEA European Economic Area
EFSR Economic and Fiscal Strategy Report
EIS Enterprise Investment Scheme
EMA Education Maintenance Allowance
EMIs Enterprise Management Incentives
EMU Economic and Monetary Union
EPC Economic Policy Committee
ES Employment Service
ESA79 European Systems of Accounts 1979
ESA95 European Systems of Accounts 1995
ETG Emissions Trading Group
ETC Employment Tax Credit
EU European Union
FE Further education
FEFC Further Education Funding Council
FRES Federation of Recruitment and Employment Services
FSA Financial Services Authority
FSMB Financial Services and Markets Bill
FSBR Financial Statement and Budget Report
G5 Group of Five. A group of five major industrial nations (comprising: France, Germany, Japan, UK and US).
G7
Group of Seven. A group of seven major industrial nations (comprising: Canada, France, Germany, Italy, Japan, UK and US).
GCSE General Certificate of Secondary Education
GDI Gasoline Direct Injection
GDP Gross Domestic Product
GFC Green Fuel Challenge
GTC Green Technology Challenge
g/km grams per kilometre
HEES Home Energy Efficiency Scheme
HEROBC Higher Education Reach Out to Business and the Community
HICP Harmonised Index of Consumer Prices
HIPC Heavily Indebted Poor Countries
HIV/AIDS Human Immunodeficiency Virus/Acquired Immunodeficiency Syndrome
HMF Haulage Modernisation Fund
HRA Human Rights Act
ICC Integrated Child Credit
ICT Information and communications technologies
ICTA Income and Corporation Tax Act
IDA Individual Development Account
IFS Institute for Fiscal Studies
IIP Investors in People
ILA Individual Learning Account
ILO International Labour Organisation
IMF International Monetary Fund
IPA Individual Pension Account
IPPC Integrated Pollution and Prevention Control
IPRs Intellectual Property Rights
IRB Income-related benefits
IRU Indefeasible Right of Use
IS Income Support
ISMI Income Support for Mortgage Interest
ISA Individual Savings Account
IT Information Technology
ITCE Information Technology and Communication Engineers
JSA Jobseeker's Allowance
LEL Lower earnings limit
LFS Labour Force Survey
LLP Limited Liability Partnership
LPG Liquefied Petroleum Gas
LRP Lead Replacement Petrol
LSP Local Strategic Partnership
LTCS Landfill Tax Credit Scheme
MA Maternity Allowance
MCA Married Couple's Allowance
MCT Mainstream corporation tax
MDR Marginal Deduction Rate
MFR Minimum Funding Requirement
MIG Minimum Income Guarantee
MIRAS Mortgage Interest Relief at Source
MIT Massachusetts Institute of Technology
MPC Monetary Policy Committee
MtC Million tonnes of carbon
NAIRU Non-accelerating inflation rate of unemployment
NAO National Audit Office
NAR National Asset Register
NDDP New Deal for Disabled People
NDLP New Deal for Lone Parents
NDYP New Deal for Young People
ND25+
New Deal for 25+
ND50+ New Deal for the over 50s
NESI New Enterprise Support Initiative
NETCEN National Environmental Technology Centre
NFC Non-financial company
NHS National Health Service
NICs National Insurance Contributions
NIESR National Institute of Economic and Social Research
NMW National Minimum Wage
NOP National Opinion Polls
NOx Nitrogen Oxides
NSTF National Skills Task Force
OECD Organisation for Economic Cooperation and Development
OFGEM Office of Gas Electricity Markets
OFT Office of Fair Trading
OFTEL Office of Telecommunications
OGC Office of Government Commerce
OLS Overseas Labour Service
ONS Office for National Statistics
OPEC Organisation of Petroleum Exporting Countries
OPRA Occupational Pensions Regulatory Authority
PAT Policy Action Team
PAYE Pay As You Earn
PBR Pre-Budget Report
PEP Personal Equity Plan
PFI Private Finance Initiative
PNFC Private non-financial corporation
PPC Pollution Prevention and Control
PPG3 Policy Planning Guidelines (3)
PPI Pooled Pension Investment
PPPs Public Private Partnerships
PRT Petroleum Revenue Tax
PSA Public Service Agreement
PSNB Public sector net borrowing
PT Primary threshold
PUK Partnerships UK
RAB Resource Accounting and Budgeting
R&D Research and development
RDAs Regional Development Agencies
RPI Retail Prices Index
RPIX Retail Prices Index excluding mortgage interest payments
RSLs Registered Social Landlords
SBIT Small Business Investment Taskforce
SBRI Small Business Research Initiative
SBS Small Business Service
SDA Service Delivery Agreement
SEE Small Earnings Exception
SERPS State Earnings Related Pensions Scheme
SDA Service Delivery Agreement
SEE Small Earnings Exception
SERPS State Earnings Related Pensions Scheme
SEU Social Exclusion Unit
SITF Social Investment Taskforce
SME Small and medium-sized enterprise
SMP Statutory Maternity Pay
SNA System of National Accounts
SRA Strategic Rail Authority
TESSA Tax Exempt Special Savings Account
TME Total Managed Expenditure
TTWA Travel To Work Area
TUC Trades Union Congress
UEL Upper earnings limit
UfI University for Industry
UK United Kingdom
ULSD Ultra­low sulphur diesel
ULSP Ultra­low sulphur petrol
UN United Nations
UNDP United Nations Development Programme
URC Urban Regeneration Companies
US United States
VAT Value Added Tax
VCTs Venture Capital Trusts
VDP Vaccine Damage Payment
VED Vehicle Excise Duty
VOCs Volatile Organic Compounds
WFTC Working Families' Tax Credit
WRAP Waste and Resources Action Programme
WTAS Windfall Tax and Associated Spending

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