In its Budget submission, the institute recommends the changes as it believes Brown’s gamble on public services has failed and the countries economic prospects has worsened.
In today’s Financial Times, Ruth Lea, head of policy at the IoD, said the cutbacks were required as the large increases in spending on public services has so far failed to offer significant improvements. The IoD also believes that the government’s forecasts for public finances are too optimistic.
One of the biggest indicators of a possible gap in the forecasts actual revenues will come on Thursday when January’s tax revenue figures, which include self assessment monies, are published.
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