UK may need to raise taxes to cut deficits - OECD
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British public borrowing is set to rise and the government will need to raise taxes or reduce spending to decisively cut the deficit, the Organisation for Economic Cooperation and Development said yesterday.
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Germany raised its forecast for this year&#39;s budget deficit, saying declining tax income and increased spending on the unemployed will push the shortfall further beyond European Union limits for a third straight year.
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BRIGHTON, England  - Britain will provide more debt relief for the world's poorest countries and challenge other rich countries to do the same, Prime Minister Tony Blair's government said Sunday.
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A likely soft landing for the U.S. economy will not dent the recovery that is gathering pace in Europe, the OECD said Tuesday, as it raised its growth forecast for the 12 nations that use the euro and cut its outlook for the United States.
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Gordon Brown may miss his golden rule on public borrowing because of a shortfall in corporate tax revenues, a new study says.
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The U.S. Federal Reserve may need to   raise interest rates again to tame inflation and the ECB can   afford to hike euro zone rates further now that it has proof of   solid economic recovery, the OECD said on Tuesday.
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Council tax is to rise by 4.2% across England and Wales, according to a study commissioned by the BBC.
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Shadow chancellor George Osborne will use a speech to the Tory conference to rebut calls for tax-cut pledges.
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Whatever party wins the next general election will have to either cut spending or raise taxes, says the CBI, which wants the former.
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More money would be raised from "green" taxes under the Tories, says shadow chancellor George Osborne.
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British government departments risk having to make spending cuts in the runup to elections expected next May as public borrowing hit its highest level in a decade, a newspaper reported.
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Excessive weakening of the U.S. dollar could lead to interest rate hikes in the United States, Europe and Japan and hurt global economic growth, OECD Secretary General Angel Gurria said on Monday.
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Up to five million people in the UK may be paying the wrong income tax, the U.K. National Audit Office has warned.
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A Government of any party will be forced to cut spending or raise taxes by Â£7 billion a year after the election if it is to meet Chancellor Gordon Brown&#39;s economic rules, business leaders have warned.
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OTTAWA (CP) - It may be a bit early to take this promise to the bank, but Finance Minister Ralph Goodale says he wants to bring in more personal and business tax cuts.
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Industrialised economies are growing at 3.1 percent this year, the OECD said as it warned that the United States may have to raise interest rates further but that the European Central Bank should wait.
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Millions of people who have already booked flights and holidays for next year may have to pay more tax.