Ernst & Young provide us with a summary of the Chancellor's proposals
Ernst & Young provide us with a summary of the Chancellor's proposals
Item Club View
The Chancellor is in denial. He is trying to tell us that the ever-widening hole in his finances is a temporary embarrassment that will vanish as the economy and the stock market strengthen. However the reality is that they are performing as well as (and in the latter case better than) expected at Budget time. Yet the public finances continue to deteriorate alarmingly.
These outturns lend strong support to ITEM's view that the deficit is a structural rather than a cyclical phenomenon a fundamental imbalance in the government accounts. This...
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Ernst & Young provide us with a summary of the Chancellor's proposals
Ernst & Young provide us with a summary of the Chancellor's proposals
Item Club View
The Chancellor is in denial. He is trying to tell us that the ever-widening hole in his finances is a temporary embarrassment that will vanish as the economy and the stock market strengthen. However the reality is that they are performing as well as (and in the latter case better than) expected at Budget time. Yet the public finances continue to deteriorate alarmingly.
These outturns lend strong support to ITEM's view that the deficit is a structural rather than a cyclical phenomenon a fundamental imbalance in the government accounts. This...
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:
