| ACT |
|
Advanced corporation tax |
| AEI |
|
Average Earnings Index |
| AESOP |
|
All Employee Share Ownership |
| AME |
|
Annually Managed Expenditure |
| AQS |
|
Air Quality Strategy |
| BoE |
|
Bank of England |
| BRC |
|
British Retail Consortium |
| CASC |
|
Community amateur sports club |
| CBI |
|
Confederation of British Industry |
| CCL |
|
Climate change levy |
| CDFI |
|
Community Development Finance Institution |
| CEML |
|
Council for Excellence in Management and Leadership |
| CEO |
|
Chief Executive Officer |
| CG |
|
Central government |
| CGNCR |
|
Central government net cash requirement |
| CGT |
|
Capital gains tax |
| CHP |
|
Combined heat and power |
| CIS |
|
Construction industry scheme |
| CITC |
|
Community Investment Tax Credit |
| CPI |
|
Consumer price inflation |
| CTC |
|
Child Tax Credit |
| CTF |
|
Child Trust Fund |
| DEL |
|
Departmental Expenditure Limits |
| DEFRA |
|
Department for Environment, Food and Rural Affairs |
| DfES |
|
Department for Education and Skills |
| DFID |
|
Department for International Development |
| DIS |
|
Departmental Investment Strategy |
| DMO |
|
Debt Management Office |
| DPTC |
|
Disabled Person's Tax Credit |
| DTI |
|
Department of Trade and Industry |
| DTLR |
|
Department for Transport, Local Government and the Regions |
| DVLA |
|
Driver and Vehicle Licensing Agency |
| DWP |
|
Department for Work and Pensions |
| EC |
|
European Commission |
| ECA |
|
Enhanced capital allowance |
| EC50+ |
|
Employment Credit for the over 50s |
| EEC |
|
Energy Efficiency Commitment |
| EER |
|
European Economic Reform |
| EFSR |
|
Economic and Fiscal Strategy Report |
| EMA |
|
Educational Maintenance Allowance |
| EMI |
|
Enterprise Management Incentives |
| EMU |
|
Economic and Monetary Union |
| EOF |
|
Employment Opportunities Fund |
| EU |
|
European Union |
| EYF |
|
End-year flexibility |
| EZ |
|
Employment Zone |
| FDI |
|
Foreign direct investment |
| FMD |
|
Foot and Mouth disease |
| FSA |
|
Financial Services Authority |
| FSBR |
|
Financial Statement and Budget Report |
| G7 |
|
Group of Seven. A group of seven major industrial nations (comprising: |
| |
|
Canada, France, Germany, Italy, Japan, UK and US). |
| GAD |
|
Government Actuary's Department |
| GCSE |
|
General Certificate of Secondary Education |
| GDP |
|
Gross domestic product |
| GFC |
|
Green Fuels Challenge |
| GNP |
|
Gross National Product |
| GTC |
|
Green Technology Challenge |
| GVA |
|
Gross Value Added |
| g/km |
|
Grams per kilometre |
| HIPC |
|
Heavily Indebted Poor Countries |
| HIV/AIDS |
Human Immunodeficiency Virus/Acquired Immunodeficiency Syndrome |
| IB |
|
Incapacity Benefit |
| ICT |
|
Information and communications technologies |
| ILO |
|
International Labour Organisation |
| IMF |
|
International Monetary Fund |
| ISA |
|
Individual Savings Account |
| ISCED |
|
International Standard Classification of Education |
| JSA |
|
Jobseeker's Allowance |
| JTS |
|
Job Transition Service |
| LFS |
|
Labour Force Survey |
| LLSCs |
|
Local Learning and Skills Councils |
| LPC |
|
Low Pay Commission |
| LPG |
|
Liquefied petroleum gas |
| LRP |
|
Lead replacement petrol |
| LSC |
|
Learning and Skills Council |
| LSP |
|
Local Strategic Partnership |
| LTCS |
|
Landfill tax credit scheme |
| MDGs |
|
Millennium Development Goals |
| MIG |
|
Minimum Income Guarantee |
| MFR |
|
Minimum Funding Requirement |
| MPC |
|
Monetary Policy Committee |
| MtC |
|
Million tonnes of carbon |
| NAIRU |
|
Non-accelerating inflation rate of unemployment |
| NAO |
|
National Audit Office |
| NDDP |
|
New Deal for disabled people |
| NDLP |
|
New Deal for lone parents |
| NDYP |
|
New Deal for young people |
| ND25+ |
|
New Deal for the over 25s |
| ND50+ |
|
New Deal for the over 50s |
| NETA |
|
New Electricity Trading Arrangements |
| NETCEN |
|
National Environmental Technology Centre |
| NICs |
|
National insurance contributions |
| NIESR |
|
National Institute of Economic and Social Research |
| NFFO |
|
Non-Fossil Fuel Obligation |
| NHS |
|
National Health Service |
| NMW |
|
National Minimum Wage |
| NVQ |
|
National Vocational Qualification |
| ONS |
|
Office of National Statistics |
| OECD |
|
Organisation for Economic Cooperation and Development |
| OFT |
|
Office of Fair Trading |
| OPSR |
|
Office of Public Services Reform |
| PAYE |
|
Pay As You Earn |
| PBR |
|
Pre-Budget Report |
| PIU |
|
Performance and Innovation Unit |
| PSA |
|
Public Service Agreement |
| PSNB |
|
Public sector net borrowing |
| PSX |
|
Cabinet Committee on Public Services and Public Expenditure |
| RAB |
|
Resource Accounting and Budgeting |
| R&D |
|
Research and development |
| RDAs |
|
Regional Development Agencies |
| ROSSI |
|
Retail Price Index excluding housing costs |
| RPI |
|
Retail Price Index |
| RPIX |
|
Retail Price Index excluding mortgage interest payments |
| SBS |
|
Small Business Service |
| SERPS |
|
State Earnings Related Pension Scheme |
| SFO |
|
Serious Fraud Office |
| SIP |
|
Share Incentive Plan |
| SME |
|
Small and medium-sized enterprise |
| SMP |
|
Statutory Maternity Pay |
| TME |
|
Total Managed Expenditure |
| TUC |
|
Trades Union Congress |
| ULSD |
|
Ultra-low sulphur diesel |
| ULSP |
|
Ultra-low sulphur petrol |
| UN |
|
United Nations |
| URC |
|
Urban Regeneration Company |
| VAT |
|
Value Added Tax |
| VED |
|
Vehicle excise duty |
| WFTC |
|
Working Families' Tax Credit |
| WRAP |
|
Waste and Resources Action Programme |
| WTAS |
|
Windfall Tax and associated spending |
| WTC |
|
Working Tax Credit |
