Gordon Brown’s control of the public purse strings has slipped in June after
figures from the Office for National Statistics (ONS) revealed that borrowing
rose to £7.3bn in June compared with £6.2bn during the same month last year.
These figures make it the worst June on record – the figures are
significantly higher than analysts’ forecasts of £6.5bn.
The chancellor said in his most recent Budget that he would meet his target
of cutting the current budget deficit to £7bn and public sector net borrowing to
Current borrowing for the year now stands at £16.4bn making that target seem
Despite the ONS figures, a Treasury spokesman insisted it was meeting its
strict fiscal rules and would continue to do so.
"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