IFS: Osborne should make tax cuts to avoid recession

IFS: Osborne should make tax cuts to avoid recession

Institute for Fiscal Studies suggests tax cuts vital to avoid threat of recession

THE CHANCELLOR should make emergency tax cuts to avoid recession the Institute for Fiscal Studies has suggested.

Cuts to National Insurance or VAT could be cut by up to £20bn to stop a recession The Daily Telegraph reports.

The IFS warns that the continued crisis in the eurozone may push economic growth down this year and in 2013.

Chancellor George Osborne (pictured) will deliver his budget on March 21 and is under pressure to unveil tax cuts to revive the economy.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource