Higher tax receipts pose dilemma

News Update from CFM (UK) Ltd: Chris Giles in the FT says that higher than expected income tax, NI and VAT receipts mean George Osborne will achieve his desired surplus on the public finances more easily than expected. In light of this, he says the chancellor will be forced to respond with higher public spending than currently expected, lower taxes than planned or a bigger surplus. He concludes that if revenues continue to flow faster, with no sign of an unsustainable boom, then it is not the case that four more years of austerity are inevitable.

Financial Times, Page: 13

Posted on September 11th 2015

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