The European Commission has presented its 2017 country specific recommendations, setting out economic policy guidance for individual member states for the next 12 to 18 months. Approving the package, the Council (ECOFIN) noted that there is still scope for broadening tax bases and reducing the tax burden on labour.
Pierre Moscovici, commissioner for economic and financial affairs, highlighted the need ‘to use all available tools to support growth’, while observing ‘an appropriate balance between ensuring the sustainability of public finances and achieving a fiscal stance that will help strengthen, and not undermine, the recovery’.
In relation to the UK, the report notes that correcting the deficit still requires ‘a substantial fiscal effort for 2018’.
The European Commission has presented its 2017 country specific recommendations, setting out economic policy guidance for individual member states for the next 12 to 18 months. Approving the package, the Council (ECOFIN) noted that there is still scope for broadening tax bases and reducing the tax burden on labour.
Pierre Moscovici, commissioner for economic and financial affairs, highlighted the need ‘to use all available tools to support growth’, while observing ‘an appropriate balance between ensuring the sustainability of public finances and achieving a fiscal stance that will help strengthen, and not undermine, the recovery’.
In relation to the UK, the report notes that correcting the deficit still requires ‘a substantial fiscal effort for 2018’.
