| AEI |
Average Earnings Index |
| AESOP |
All-Employee Share Ownership Plan |
| AME |
Annually Managed Expenditure |
| APPs |
Appropriate personal pensions |
| BCC |
British Chamber of Commerce |
| BCS |
British Crime Survey |
| CAT |
Charges Access Terms |
| CBI |
Confederation of British Industry |
| CED |
Consumers' expenditure deflator |
| CFCs |
Controlled Foreign Companies |
| CGT |
Capital gains tax |
| 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 |
| 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 |
| 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 |
| 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 |
| IPPC |
Integrated Pollution and Prevention Control |
| IPRs |
Intellectual Property Rights |
| IRB |
Income Related Benefits |
| IRU |
Indefeasible Right of Use |
| ISMI |
Income Support for Mortgage Interest |
| ISA |
Individual Savings Account |
| IT |
Information Technology |
| ITCE |
Information Technology and Communication Engineers |
| JSA |
Jobseekers' Allowance |
| LEL |
Lower earnings limit |
| LFS |
Labour Force Survey |
| LLP |
Limited Liability Partnership |
| LPG |
Liquefied Petroleum Gas |
| LSP |
Local Strategic Partnership |
| LRP |
Lead Replacement Petrol |
| MA |
Maternity Allowance |
| MCA |
Married Couple's Allowance |
| MCT |
Mainstream corporation tax |
| MDR |
Marginal Deduction Rate |
| MFR |
Minimum Funding Requirement |
| MIG |
Minimum Income Guarantee |
| MIT |
Massachusetts Institute of Technology |
| MIRAS |
Mortgage Interest Relief at Source |
| MPC |
Monetary Policy Committee |
| MtC |
Million tonnes of carbon |
| NAIRU |
Non-accelerating inflation rate of unemployment |
| NAO |
National Audit Office |
| NAR |
National Asset Register |
| NDLP |
New Deal for Lone Parents |
| NESI |
New Enterprise Support Initiative |
| NFC |
Non-financial company |
| NHS |
National Health Service |
| NICs |
National Insurance Contributions |
| NIESR |
National Institute of Economic and Social Research |
| NOx |
Nitrogen Oxides |
| 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 Task-force |
| SBRI |
Small Business Research Initiative |
| SBS |
Small Business Service |
| SDA |
Service Delivery Agreement |
| SEE |
Small Earnings Exception |
| SERPS |
State Earnings Related Pensions Scheme |
| SEU |
Social Exclusion Unit |
| SIT |
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 |
| UEL |
Upper earnings limit |
| UfI |
University for Industry |
| UK |
United Kingdom |
| ULSD |
Ultra Low Sulphur Diesel |
| ULSP |
Ultra Low Sulphur Petrol |
| URC |
Urban Regeneration Companies |
| US |
United States of America |
| 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 |
