Alistair Darling has played down speculation of a big pre-Budget report give
away tomorrow, warning that Britain is heading for ‘economic turbulence’ while
adding that financial stability would always take precedence over ‘irresponsible
promises on tax’.
The newly installed chancellor of the Exchequer has paved the way for a
neutral public taxing-and-spending package when he presents his first PBR and
the government’s first Comprehensive Spending Review in three years.
He hinted he would cut economic growth forecasts for next year and, possibly,
this year, saying: ‘We are entering a time where there may be some economic
turbulence. We are entering a difficult period, difficult decisions will need to
Speaking on the BBC’s Politics Show, Darling also hinted that there
could be changes to inheritance tax thresholds, following Tory promises to
increase the tax-free inheritance amount to £1m.
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
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
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner