International Monetary Fund (IMF) has urged chancellor Alistair Darling to
avoid gambling with UK’s finances by using his expected autumn overhaul of the
Treasury’s fiscal rules to try to borrow his way out of economic trouble.
IMF reduced its forecasts for Britain’s growth and warned the country faced
two years of economic pain, The Times reports.
It said the Treasury was already next year set to breach the rule capping
national debt at 40% of GDP as it slid deeper into the red.
The IMF said a range of economic woes would cut UK growth this year to only
1.4% – down from 1.7% it predicted in the spring and far below the chancellor’s
projected growth of at least 1.75%.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed