Tax revenues set to fall short

Tax revenues are set to fall far short of Gordon Brown’s hopes, according to
the international economic forecaster the OECD.

The shortfalls could lead to the chancellor having to raise taxes sharply,
the body said.

The warning, ahead of Monday’s pre-Budget report, is more doom and gloom for
the chancellor, who faces continual criticism for the £10bn black hole in the
UK’s accounts, and will raise fears that he could move to raise revenues in one
way or another when he stands up on Monday.

Related reading