Monday November 30, 2020

Darling’s pre-budget report gets thumbs-down

Alistair Darling was never going to please everyone with his pre-budget report last week. But many believe that the British chancellor succeeded in pleasing no one.

12th December, 2009

Alistair Darling was never going to please everyone with his pre-budget report last week. But many believe that the British chancellor succeeded in pleasing no one.

The Institute for Fiscal Studies (IFS) estimated that the average family would be stg£2,400 a year worse off by 2017/18, as the government is forced to introduce tax rises and spending cuts to tackle widening budget deficits. Last Thursday saw one of this year’s biggest sell-offs of British gilts,...

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