Treasury minister Stephen Timms will explain the economic consequences of the 26p cut in fuel duty that hauliers and farmers are demanding. Timms believes that such a cut would cost the government £11.8bn causing instability in the economy.
In the paper, Timms will state that if the government did lower fuel duty it would force cutbacks in public services or a 4p increase in income tax.
In a statement to the press a spokesperson said the government recognised the protesters’ grievances, but it was wrong to disrupt the UK’s road network.
Prime minister Tony Blair, meanwhile, vowed he would take vigorous action against to stop disruption from the 25,000 vehicles which protesters claim will converge on London in a fortnight.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy