HC Deb 27 March 2003 vol 402 c339W
Mr. Flight

To ask the Chancellor of the Exchequer what research was commissioned by his Department prior to the publication of the pre-budget report into the level of the FTSE 100 index between March and October 2002. [105340]

Ruth Kelly

The 2002 pre-Budget report included an extensive discussion of global equity market developments during 2002, including analysis of the FTSE 100 index. This discussion is set out in Box A1 on page 153 of the pre-Budget report. The audited equity price assumption for the public finance projections relates to the FTSE All-Share index and is set out in Box B1 on page 188 of the pre-Budget report.