PracticePeople In PracticeElection ‘limitations’ warning.

Election 'limitations' warning.

A former senior Treasury official has warned voters to be aware of

Sir Peter Kemp, writing in today’s Accountancy Age, throws doubt on the effectiveness of the government’s multibillion pound surplus by saying it would only take a small error or change in financial circumstances to wipe it out.

The qualified accountant warns: ‘The numbers are necessarily uncertain; heavily dependent on forecasting which reflects past experience but doesn’t insulate you against shocks, for instance lower growth in the wake of an American slow down.’

Sir Peter writes that any pledge to cut spending, whether it be by #8bn or #16bn, is really a promise to reduce the increase. ‘Overwhelmingly cuts just mean less of more,’ he says.

Go to Sir Peter Kemp’s analysis on page 12.

Related Articles

Is inefficiency stealing your time and money?

Accounting Firms Is inefficiency stealing your time and money?

3m Emma Smith, Managing Editor
CIMA elects new president

Institutes CIMA elects new president

3m Emma Smith, Managing Editor
Transparent currency trade: How to achieve costs visibility

Governance Transparent currency trade: How to achieve costs visibility

4m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

7m Emma Smith, Managing Editor
MHA MacIntyre Hudson advises on management buy-out

Accounting Firms MHA MacIntyre Hudson advises on management buy-out

7m Emma Smith, Managing Editor
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

4m Emma Smith, Managing Editor
EY appoints head of UK Infrastructure Asset Intelligence practice

Accounting Firms EY appoints head of UK Infrastructure Asset Intelligence practice

5m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

7m Emma Smith, Managing Editor