 Tax |
| Search News |
|
|
| Find an IFA |
|
|
| Financial News |
|
| UK Spotlight |
This week's announcement of the Marks & Spencer sales figures for the Christmas and New Year period is set to disappoint the market and will be accompanied by a rumoured 1000 job cuts. Those...
→
Read More
|
|
| Disclaimer |
| Financialadvice.co.uk adheres to the Financial
Services and Markets Act 2000. This site contains only factual and
readily available public information. |
|
|
| |
|
|
|
|
Wednesday 19th November 2008
The Bank of England has today stepped into the argument regarding potential tax cuts in the UK. The board of the Bank of England are suggesting that if Gordon Brown is over ambitious on his tax cuts which are to be announced very soon then they would have to reconsider substantial interest rate cuts in the short to medium term. The banks seem very concerned about the potential impact over generous tax cuts may have on inflation and looks set to quell any massive impact via the interest rate tool.
This is a bitter blow for Gordon Brown as he had fought to grab the headlines with his tax cuts rumoured to be the region of £30 billion but his thunder may well be stolen by the Bank of England's comments. Many people suggest this is the Bank of England flexing its muscles after Gordon Brown seemed to pressurise the bank into further short-term cuts in a speech given at the G20 summit recently. If the rumours are correct then it looks as though Gordon Brown is at war with the Treasury and Alistair Darling not to mention the Bank of England. Who will win is anybody's guess…….. |
→ Full Tax News Archive
→ Return to Homepage
|
|
|
|
| Other top stories in this section:
|
|
|
|
