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Economic View

John Hawksworth, PricewaterhouseCoopers LLP, remarks that the Chancellor has raised taxes to protect priority spending areas but has made no further progress in closing the fiscal gap

 
John Hawksworth PricewaterhouseCoopers LLP remarks that the Chancellor has raised taxes to protect priority spending areas but has made no further progress in closing the fiscal gap
 
Alistair Darling has not had an easy time since he became Chancellor in 2007. He faced another tough challenge in designing a Pre-Budget Report (PBR) package that supported the economy in the short term while also putting in place a credible plan to rein in the huge budget deficit in the medium term; and at the same time keeping the majority of voters onside ahead of a general election. In the event he announced a package involving some increase...

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