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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The UK's current account deficit, a key economic indicator, widens to a record level, official data shows.
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The UK will have to raise taxes or rein in spending to avoid breaking its "golden rule", the National Institute of Economic and Social Research says.
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British finance minister Gordon Brown  said on Thursday he would urge the United States to tackle its  current account and budget deficits, and warned that the weak  dollar was hurting the British and other global economies.
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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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An MPs' report calls for taxes on air travel and high polluting cars to be increased to cut CO2 emissions.
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Britain is &quot;on track&quot; to reduce its public deficit in line with EU rules by an April deadline, but further spending cuts will be needed afterwards, the European Commission has said.
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The UK is in danger of being less competitive because of its complex tax regime, Ernst & Young warns.
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The Tories outline options for cutting taxes  including one which will save up to Â£800 a year for top rate tax payers.
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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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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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The OECD said on Tuesday it saw no case for raising Japanese interest rates at the moment or for renewing U.S. rate increases.
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GORDON BROWN faces having to raise taxes or cut spending to curb burgeoning public borrowing, the Organisation for Economic Co-operation and Development said yesterday.
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Taxes will have to rise unless the government adopts Tory plans to slash bureaucracy, Oliver Letwin says.
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Thousands of deaths could be prevented each year if tax was added to a range of foods, a study says.
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Investors may move out of the dollar if  the U.S. current account deficit remains as high as it is at  the moment while Asian countries run a surplus, OECD Secretary  General Angel Gurria said on Monday,
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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.