George Osborne’s reputation is that of a politician determined to shrink the state. After his tax-raising Autumn Statement, he may be due a reassessment, David Smith writes.
It is a rule of Budgets Autumn Statements and even Spending Reviews that there are always surprises. Chancellors always manage to pull something out of the hat the fabled rabbit. George Osborne duly surprised with his Autumn Statement and Spending Review on 25 November. And as with all surprises they came in areas that few had expected. The chancellor managed to find some rabbits even when the field had seemed empty.
I suspect that most people are aware of the broad shape of Osborne’s statement by now. Between July and November the independent Office for Budget Responsibility revisited its estimates for tax receipts and debt interest over the next five...
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George Osborne’s reputation is that of a politician determined to shrink the state. After his tax-raising Autumn Statement, he may be due a reassessment, David Smith writes.
It is a rule of Budgets Autumn Statements and even Spending Reviews that there are always surprises. Chancellors always manage to pull something out of the hat the fabled rabbit. George Osborne duly surprised with his Autumn Statement and Spending Review on 25 November. And as with all surprises they came in areas that few had expected. The chancellor managed to find some rabbits even when the field had seemed empty.
I suspect that most people are aware of the broad shape of Osborne’s statement by now. Between July and November the independent Office for Budget Responsibility revisited its estimates for tax receipts and debt interest over the next five...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
