Tax sweeteners at election time avoid the big issues
The economy is facing into a period of some uncertainty, buffeted by global forces. There are fears of a US recession, though no one is yet clear whether or not one is on the way.
European interest rates are heading upwards, and the fast emergence of economies in eastern Europe and the Far East - notably China - is transforming the competitive landscape. We still have a lot of things in our favour, but we are facing into a period a good deal more challenging than the fair winds that have blown through the last few years.
Yet in the parallel universe that is our election campaign, what debate there...
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