The Treasury is examining the feasibility of postponing next year’s public
spending review until 2007.
This will force government departments to stick to their current expenditure
plans for another year.
According to the Financial Times, this raises the possibility of
faster public expenditure growth and higher taxes towards the end of this
The decision has not been made yet, but departments including health and
education are reportedly concerned that the next round could be among the
tightest for many years.
Tony Blair is anxious not to alienate middle England, and according to the
FT has said privately that current expenditure projections are at the
maximum that is politically sustainable.
"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