BusinessCompany NewsIoD urges budget spending cutbacks

IoD urges budget spending cutbacks

The Institute of Directors has urged chancellor Gordon Brown to cut his public spending plans instantly and cancel the rises in national insurance contributions in his forthcoming Budget.

Link: Lunch time Budget on the cards

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.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor