Reasons to be prudent as well as cheerful

Reasons to be prudent as well as cheerful

The economy is definitely on the up, but the government should be offering more tax incentives to stimulate economic growth and, ultimately, a sustainable yield

The English novelist Henry Fielding was at his best when pointing out that prudence is a virtue most often exercised by those who have no choice except to be prudent.

The word “prudent” appears ten times in the government’s Summer Economic Statement (SES) which was published this week. It seems this government is going to be terribly careful at the next budget. We are not going to be lured any more by the prospect of...

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