Chancellor Gordon Brown could use this month’s Budget to introduce a package of tax breaks and spending rises, according to some of his closest allies.
In what will be the last Budget before a general election, former chief economic adviser to the Treasury, Ed Balls, told the Financial Times that Brown will meet his fiscal rules ‘with a margin to spare’, leaving the chancellor with leeway to cut taxes and increase public spending.
The comments follow a recent Mori poll that showed the public has more confidence in Brown’s handling of the economy for three years.
The poll found that 43% agreed that in the long term, the government’s policies will improve the state of Britain’s economy. The same number disagreed, but it is the first time that the response has moved out of negative territory since May 2002.
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