Taxes should be cut rather than spending or risk another recession, according to former Monetary Policy Committee member David Blanchflower.
Blanchflower said the coalition government must offer workers a "tax holiday " to encourage spending and growth, he wrote in an opinion piece for Bloomberg.
"Cutting public spending and raising taxes at this point in the cycle is inevitably going to lower economic growth and raise the number of jobless. It's that simple," said Blachflower.
He also wants national insurance contributions cut to 5% for two years " immediately".
You may also like
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.