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| ACT | | Advance Corporation Tax |
| AEF | | Aggregate External Finance |
| AME | | Annually Managed Expenditure |
| APAs | | Advanced Pricing Arrangements |
| BEAT | | Business Education Action Team |
| CAT | | Charges Access Terms |
| CBI | | Confederation of British industry |
| CED | | Consumers’ Expenditure Deflator |
| CFCs | | Controlled Foreign Companies |
| CGT | | Capital Gains Tax |
| CO2 | | Carbon Dioxide |
| CSR | | Comprehensive Spending Review |
| DEL | | Departmental Expenditure Limits |
| DETR | | Department of the Environment, Transport and Regions |
| DfEE | | Department for Education and Environment |
| DPTC | | Disabled Person’s Tax Credit |
| DTI | | Department of Trade and Industry |
| EFSR | | Economic and Fiscal Strategy Report |
| EIS | | Enterprise Investment scheme |
| EMU | | European Monetary Union |
| EU | | European Union |
| FSA | | Financial Services Authority |
| FSBR | | Financial Statement and Budget Report |
| G5 | | Major five industrial countries comprising: France, Germany, Japan, UK and US |
| G7 | | Major seven industrial countries comprising: Canada, France, Germany, Italy, Japan, UK and US |
| GDP | | Gross Domestic Product |
| GEFCO | | Guaranteed Export Finance Corporation |
| GSI | | Government Secure Intranet |
| HICP | | Harmonised Index of Consumer Prices |
| ILA | | Individual Learning Account |
| ILO | | International Labour Organisation |
| IMF | | International Monetary Fund |
| IS | | Income Support |
| ISA | | Individual Savings Account |
| IT | | Information Technology |
| LASFE | | Local Authority Self-Financed Expenditure |
| LFS | | Labour Force Survey |
| LNCs | | Learning Network Centres |
| MAPA | | Members’ Agent’s Pooling Arrangements |
| MCA | | Married Couple’s Allowance |
| MIPs | | Mortgage Interest Payments |
| MPC | | Monetary Policy Committee |
| MtC | | Million Tonnes of Carbon |
| NAIRU | | Non-Accelerating Inflation Rate of Unemployment |
| NAO | | National Audit Office |
| NAQS | | National Air Quality Strategy |
| NFCs | | Non- Financial Corporations |
| NHS | | National Health Service |
| NICs | | National Insurance Contributions |
| NIESR | | National Institute of Social and Economic Research |
| NMW | | National Minimum Wage |
| NOx | | Nitrogen Oxides |
| OECD | | Organisation for Economic Cooperation and Development |
| OEICs | | Open-Ended Investment Companies |
| ONS | | Office for National Statistics |
| PAYE | | Pay As You Earn |
| PBR | | Pre-Budget Report |
| PFI | | Private Finance Initiative |
| PPI | | Pooled Pension Investment |
| PRP | | Profit Related Pay |
| PRT | | Petroleum Revenue Tax |
| PSAs | | Public Service Agreements |
| PSNB | | Public Sector Net Borrowing |
| 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 |
| SBS | | Small Business Service |
| SDDS | | Special Data Dissemination Standard |
| SDRT | | Stamp Duty Rates and Threshold |
| SERPs | | State Earnings Related Pensions |
| SME | | Small and medium-sized enterprise |
| SSP | | State Second Pension |
| TFP | | Total Factor Productivity |
| TME | | Total Managed Expenditure |
| ULSD | | Ultra-Low Sulphur Diesel |
| UfI | | University for Industry |
| VAT | | Value Added Tax |
| VCT | | Venture Capital Trust |
| VED | | Vehicle Excise Duty |
| WFTC | | Working Families Tax Credit |
| WTAS | | Windfall Tax and Associated Spending |
