Roger Bootle, Deloitte’s economic adviser, has warned that the interest rate could well rise to 4.5% in the not-too-distant future as consumer spending and house prices continue to rise. It had been hoped that past rises would dampen both these factors, but so far they have had little effect, as the economy continues to grow.
Bootle said that although the market expects rates to rise as high as 5%, this is likely to be tempered by the increasing influence of the rising sterling exchange rate and the cautious approach by the MPC over the effects rises may have on the highly-indebted.
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