Link: Budget special
The UK economy grew by a mere 1.8% in 2002, Brown said. Estimates for 2003 now stand at 2% – 2.5%, reduced from his estimate of 2.5% – 3% listed in November during the pre-Budget speech.
It is another embarrassing climbdown for the chancellor, and his second economic growth restatement in a matter of months.
This was immediately latched on by the Tories. who slammed the chancellor for downgrading GDP forecasts and for concealing more than he revealed.
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