“£9bn black hole: Painful tax rises likely to hit households after next election as Osborne is accused of fudging deficit figures
Chancellor under fire as Labour attacks £2.2bn 'raid' on NHS to honour borrowing pledge
The Tories and the taxes they intend to impose on the ordinary, hardworking people of Cornwall.
Households and businesses should brace for painful tax rises after the next election to fill a £9bn hole in public finances, a leading economic think-tank warned today.
The Institute for Fiscal Studies (IFS) was also scathing about what it described as the last-minute manipulation of departmental budgets ahead of the Budget in order to save George Osborne the embarrassment of having to report that Britain’s annual deficit was rising, rather than falling.
It said its analysis revealed that without new tax rises government spending would have to be cut by 18 per cent by 2018, suggesting that after an election it was much more likely that a future government would attempt to find those savings through new taxes rather than through further swingeing spending cuts.
“£9bn black hole: Painful tax rises likely to hit households after next election as Osborne is accused of fudging deficit figures
Chancellor under fire as Labour attacks £2.2bn 'raid' on NHS to honour borrowing pledge
The Tories and the taxes they intend to impose on the ordinary, hardworking people of Cornwall.
Households and businesses should brace for painful tax rises after the next election to fill a £9bn hole in public finances, a leading economic think-tank warned today.
The Institute for Fiscal Studies (IFS) was also scathing about what it described as the last-minute manipulation of departmental budgets ahead of the Budget in order to save George Osborne the embarrassment of having to report that Britain’s annual deficit was rising, rather than falling.
It said its analysis revealed that without new tax rises government spending would have to be cut by 18 per cent by 2018, suggesting that after an election it was much more likely that a future government would attempt to find those savings through new taxes rather than through further swingeing spending cuts.
http://tinyurl.com/c72sb83
Big_Ger's Tory Party........you couldn't make them up.”