warnsthe brunt of the fallout from the credit crisis is yet to be felt, despite
the latest measures by the UK Government and other world jurisdictions to
recapitalise the banking systems.
‘Nonetheless, the bulk of the economic fallout has yet to be felt. The UK is
heading for a recession broadly similar in depth to that of the early 1990s,’
Roger Bootle, Deloitte economic adviser, said in the Deloitte Economic Review.
He said the recapitalisation of the banking system was unlikely to prevent a
major slowdown in the growth of bank lending to households and companies but in
the current environment, even if the supply was there, demand was unlikely to be
The triple burden of plummeting house prices, flagging income growth and
soaring inflation would continue to bring down consumer spending growth,
contributing to further falls in company profits.
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