A war that starts soon and lasts only a few days would be good for business and consumer confidence and allow Brown to picture a positive economic outlook.
However, the delay will not drag on indefinitely. Treasury officials said Brown would in any case deliver the budget before 5 April to enable tax raises or cuts in the new financial year, the Financial Times reported.
Last year, the chancellor announced his Budget mid-April and the Treasury found tax changes were difficult to implement. Its main change, the 1% increase in national insurance had to be postponed until the following tax year.
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