Sean Whelan: Upgrading forecasts is all the rage, but income tax reform could really get the economy moving

We shouldn't get too carried away by those second quarter GDP figures that showed a 7.7 per cent year-on-year growth. Yes, we did beat China, which only managed 7.4 per cent growth in the year to Q2. But that doesn't mean we can cut loose with October's budget.

Not that I want to be mistaken for a dismal scientist - it's great to see numbers like these, reflecting a pretty broad-based recovery, even ...