More finance woes for Brown
The National Institute of Economic and Social Research has claimed that taxes will have to be raised by the equivalent of 5p on income tax if a £20bn hole in the chancellors coffers is to be avoided.
The National Institute of Economic and Social Research has claimed that taxes will have to be raised by the equivalent of 5p on income tax if a £20bn hole in the chancellors coffers is to be avoided.
Link: Treasury tight-lipped over PBR
Because economic growth will be slower than Gordon Brown believes, there will be a £20bn shortfall in the treasury by 2006, the think-tank said. Brown will not be able to borrow his way out of the situation leaving tax hikes as the only feasible solution.
The institute has joined the growing ranks of bodies that have become concerned over government coffers. Last week the Ernst & Young Item club said tax revenue would fall short by £7bn this year.
Two weeks ago Accountancy Age reported the Centre for Economics and Business Research predicting a further NIC hike of three pence in the pound by 2006.
The numbers you crunch tell a story. Your expertis...
22yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn 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 resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article