As official figures published yesterday showed the UK’s finances falling further in to the red, economists are predicting that Britain’s net borrowing for the year could be as high as £30bn, a significant increase on the prediction of £20bn made in Brown’s pre-Budget report.
The rise in borrowing could lead to higher taxes or cuts in public spending in the long-term and could force the chancellor to adjust his public borrowing requirement figures again in the March Budget.
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