Duncan Smith said Brown had failed to point out that, according to the Red Book, the country would be running a deficit for the first time in four years and that manufacturing productivity had fallen back.
The Tory leader also said that while the chancellor had talked up the UK’s performance, the Red Book proved it had ‘fallen behind again’.
Accusing Brown of failing to announce to the Commons past measures like IR35, he said: ‘This is a chancellor who has turned small print into a fine art.’
Duncan Smith added that by raising national insurance by 1% the chancellor had broken an election pledge not to hike income-based taxes.
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