‘We welcome the rigour of the chancellor’s assessment and agree that further sustainable convergence is necessary before ministers put the question to the country,’ said Digby Jones, director general of the Confederation of British Industry.
‘No government should force the facts to fit a predetermined point of view and we are pleased with measures put in place to achieve convergence.’
‘It is good for business that the chancellor left other countries in no doubt about the UK’s commitment to the European Union,’ the CBI chief added. ‘But this is not a one-way street. If EU countries want the UK to join a successful euroland, they should be redoubling efforts to make the euro-zone more globally competitive. Mr Brown is rightly making EU reform a centrepiece of UK government policy.’
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