In a call from its chief economist, the IoD claims that ‘tax and spend’ policies are damaging the UK economy.
‘Extra public spending is unlikely to increase long-term growth, but extra taxation is likely to reduce it,’ said Graeme Leach.
The IoD’s call comes at a time when there is speculation that the Chancellor will have to raise taxes to meet an increasing public sector debt.
Many city experts believe the Chancellor will have to borrow to repay the debt, something the government has always ruled out doing.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
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