Friday September 18, 2020

COMMENT: The figures that set the budget battlefield

The absence of economic growth is making the "austerity" process a hard slog, writes Cliff Taylor.

3rd December, 2012
Meeting next year's tax targets requires some kind of growth in the economy

There are few documents harder to make a news story out of than the pre-budget white paper, which came out over the weekend.

It contains tax and spending forecasts for the following year, but as these are always overtaken by the budget a few days later, they rarely get a lot of attention.

At least the presentation of the document has been tidied up a bit over the the years. Many years ago the figures...

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