Eight years ago, George Osborne promised to eliminate the current budget deficit, then running at more than £100bn a year. Now, to the surprise of the Office for Budget Responsibility, it has been achieved. This does not mean, however, that the Treasury is ready to relax on either tax or spending.
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Eight years ago, George Osborne promised to eliminate the current budget deficit, then running at more than £100bn a year. Now, to the surprise of the Office for Budget Responsibility, it has been achieved. This does not mean, however, that the Treasury is ready to relax on either tax or spending.
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: