No give away PBR

No give away PBR

Darling plays down speculation and emphasises neutral package

Alistair Darling, chancellor

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
be taken.’

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.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource