Jaimie Kaffash

Tax Hack

A blog by Jaimie Kaffash, Accountancy Age’s tax reporter

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Hung out to dry?

07 May 2010 David Jetuah

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The UK woke up this morning to the prospect of a hung parliament.

On an overcast day, business groups warned that clouds also loomed on the horizon for the UK's economy if the government isn't sorted out quick smart.

Voters have made their decision after the political sweet-nothings, so now it's time for some straight-talking.

The new administration- whomever is at the helm-will have to bite the bullet and explain just how and where the deficit-busting measures are really going to be made or revise their projections.

Business representatives at the CBI said a decision had to be made quickly on the Cabinet teamsheet in efforts to finalise the UK's route to economic recovery.

It's set to be an interesting few days.....


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