Chancellor Gordon Brown has received the welcome news the public finances in January were in the rudest health for three years.
Figures from the Office of National Statistics showed a surplus of £6.6bn last month, driven by rising income tax and corporation tax revenues. The news is a blow to opposition parties that argued that the chancellor’s spending plans were off target and would break the ‘golden rule’
But shadow chancellor Oliver Letwin argued that a ‘spending spree’ from Brown was buying a short-term effect for the economy, and that voters ‘can expect further tax increases after the election’, according to The Daily Telegraph.
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