Link: Budget special
He said that not only would the government achieve a balance, it would generate a surplus of £32bn.
‘It’s right and prudent to borrow at this point in the economic cycle,’ he said. ‘We will meet our golden rule this year and every year to 2006.’
Brown also said he would keep debt at less than his target of 40% of national income. Indeed it would not rise above 34%, he told MPs.
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory