Link: Budget special
For the five years from 2003 net borrowing percentages of GBP will be 2.5%, 2.1% 1.9%, 1.7% and 1.6% in 2007. This means that for these years, the government will borrow £27bn, £24bn, £23bn, £22bn and £22bn.
By 2006, he promised he would spend, per year, £1bn more on housing, £5bn more on transport, £15bn more on education, £40bn more on health, and £61bn more on public services. He will also set aside new resources in the reserve margin for annually managed expenditure.
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