Pre-Budget Report 2008 - The Speculation Mounts!
With less than a week until Alastair Darling’s second Pre Budget Report (PBR) the speculation as to what may be announce on Monday 24 November is mounting.
Many commentators such as The Daily Mail and The Daily Telegraph are suggesting that the much heralded “tax cuts” will be geared to toward poorer families my boosting tax credits payments. This is echoed by The Sun and The Mirror . Whether the tax credits system is up to the task of putting extra cash in people’s pockets before Christmas is open to question.
The Guardian has David Cameron counselling The Chancellor against tax cuts and stating that Gordon Brown doesn’t “listen to his own lectures”. The Times has reported a call for VAT to be cut to 12½ %.
Date: 18th November, 2008
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