Osborne will miss his tax & spend fiscal targets ~ NewLookTrial

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Tuesday, 4 December 2012

Tuesday, December 04, 2012 Posted by Jake No comments Labels: benefits, Big Society, budget cuts, Cameron, credit crunch, elections, Osborne, taxation

Osborne will miss his tax & spend fiscal targets

Posted by Jake on Tuesday, December 04, 2012 with No comments | Labels: benefits, Big Society, budget cuts, Cameron, credit crunch, elections, Osborne, taxation

...and Cameron is not happy...

UK 'could face austerity until 2018'
The chancellor may have to extend the squeeze on public spending until 2018 if the recent deterioration in growth prospects and tax receipts turns out to be permanent.The Institute for Fiscal Studies said George Osborne may then have to find another £11bn from tax rises or spending cuts, or miss one of his fiscal targets for 2015. BBC NEWS

OUR RELATED STORIES:

The policy of giving to the rich and taking from the poor is the cause of the crisis, not the solution

Read why the IMF is calling for an immediate end to austerity programmes

LATEST: Think you’re paying less tax now? The withdrawal of Working and Child Tax Credits leaves low earners paying a 73% marginal tax rate, and medium earners paying even more

RIP-OFF NEWS ROUND-UP, OUR PICK OF THE LAST WEEK'S MEDIA

YOU'RE FIRED?! We are already nearly the most easily fired people in the developed world

EYE OPENER: Housing Equity Withdrawal took off in 1979. Since then almost all UK growth has suspiciously equalled the amount we took out. Looks like it’s pensions next

DID YOU KNOW? MPs are getting a 10% pay hike in May, to £74k

Tuesday, 4 December 2012

Osborne will miss his tax & spend fiscal targets

The policy of giving to the rich and taking from the poor is the cause of the crisis, not the solution

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