Wednesday July 15, 2020

Both debt and deficit must be reduced

Welcome to the New Normal.

26th October, 2014

Welcome to the New Normal. For veterans of recent budgets, the 2015 edition was, of course, most notable for what it did not contain. It is predicted that the 3 per cent deficit target will be met in 2015 without further tax increases and spending cuts. Compared with recent years, when the pre-budget lists of possible adjustment measures were dominated by all the things you managed to reject as undoable the year before, the 2015...

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