Andrew Flint takes a sideways look at the PBR 2007
Well my son PBR stands for Pre-Budget Report: and a very wonderful thing it is too.
Why is it so wonderful? Ah — to understand that you need to know your History. You need to know how a succession of wicked Chancellors of the Exchequer used the Budget Speech — which is a very serious occasion where the finances of the country are explained — for their own political purposes. They liked to 'pull a rabbit out of the hat' by announcing some surprise change to taxation — very often a cut in the standard rate of income tax or some new relief or other. This would be timed for maximum political effect so that his own party could...
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Andrew Flint takes a sideways look at the PBR 2007
Well my son PBR stands for Pre-Budget Report: and a very wonderful thing it is too.
Why is it so wonderful? Ah — to understand that you need to know your History. You need to know how a succession of wicked Chancellors of the Exchequer used the Budget Speech — which is a very serious occasion where the finances of the country are explained — for their own political purposes. They liked to 'pull a rabbit out of the hat' by announcing some surprise change to taxation — very often a cut in the standard rate of income tax or some new relief or other. This would be timed for maximum political effect so that his own party could...
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:
