‘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.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements