Spending pledges are being flung around like confetti in the election campaign but politicians are coy about the fact that they will ultimately lead to higher taxes, as David Smith reports.
As one whose job is to keep an eye on these things this is turning into a very discombobulating autumn. It started with a rushed ‘end of austerity’ spending review in early September in which Sajid Javid the chancellor announced a 4.4% real increase in day-to-day public spending for 2020/21. This was supposed to be the first part of a fiscal policy double act to be followed by the Budget on 6 November.
It was not to be hence my discomfiture. One day last month I was talking to the Treasury about the upcoming Budget. What I asked about these rumours that Downing Street might...
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Spending pledges are being flung around like confetti in the election campaign but politicians are coy about the fact that they will ultimately lead to higher taxes, as David Smith reports.
As one whose job is to keep an eye on these things this is turning into a very discombobulating autumn. It started with a rushed ‘end of austerity’ spending review in early September in which Sajid Javid the chancellor announced a 4.4% real increase in day-to-day public spending for 2020/21. This was supposed to be the first part of a fiscal policy double act to be followed by the Budget on 6 November.
It was not to be hence my discomfiture. One day last month I was talking to the Treasury about the upcoming Budget. What I asked about these rumours that Downing Street might...
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:
