‘This would create the bust & boom of capital investment,’ he said, while members of the House cried out their discontent.
Brown said ‘Britain was in that position’ before labour came into power, and argued that in times of downturn such an option would neither advisable nor prudent.
He announced the net borrowing figure for the next five consecutive years starting in 2002 as £20bn, £24bn, £19bn, £19bn and £20bn.
These figures present declining percentages of GDP from 1.9% in 2002 to 1.5% in 2007. This is ‘well within the Maastricht criteria,’ the chancellor said, compared to 2.7% in the US and 7% in France.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016