Monday, 23 March 2009

Coming attractions: G20 and UK budget 2009

In a couple of weeks the G-20 will be meeting in London, starting on April 2nd. The G-20 comprises the following nations:

Australia
Argentina
Brazil
China
Canada
France
Germany
Italy
Indonesia
India
Japan
South Korea
Mexico
Russia
Saudi Arabia
South Africa
Turkey
United Kingdom
United States

Yes, there really are only 19 members in the G-20! There are also three institutional members:

European Central Bank
International Monetary Fund
World Bank

The finance ministers and central bank governors of all these nations will meet in London and solve all the world's problems! Alright, kidding, they'll eat a lot of canapes and produce a lot of hot air.

Then on April 22nd Alistair Darling will present the UK budget for 2009/2010. This will be an opportunity to see some official numbers showing just how badly he has messed up. I can't wait.

It's a bit weird though. The UK's financial year starts on April 6th (due to calendar changes centuries ago) so the budget is usually in March. Darling will be proposing to parliament expenditure that has already started.

And if you can't wait for all that, well, tomorrow we'll see last month's official inflation numbers. Would it surprise you to know I think they will be above target?

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