OECD says Chancellor will have to raise taxes
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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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&quot;The US expansion increasingly hinges on employment creation and business investment,&quot; OECD chief economist Jean-Philippe Cotis told a news briefing.
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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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British Chancellor of the Exchequer Gordon Brown warned Friday that a weak growth in the 25-member European Union bloc is endangering the global economy.
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Conservatives will announce plans to cut corporation tax next year, shadow chancellor says
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Gordon Brown will put increased investment in the country's schools and higher taxes on polluters at the centre of his pre-budget report, a curtain-raiser for next year's budget, reports said.
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With the robust economy, tax revenues are pouring in. But rising costs lie ahead.
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The German government on Wednesday adopted draft proposals for a reform of corporate taxation that would lead to a big cut in company taxes from next year.
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GORDON BROWN faces a new warning today that he will have to raise taxes by Â£7 billion or cut swaths of government spending if Labour wins next yearâs general election.
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Chancellor of the Exchequer Alistair Darling on Thursday heeded the calls of small businesses by amending controversial reforms to company tax rules due to begin in April.
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Council tax in Scotland is set to rise by an average of about 4% in the coming year, BBC Scotland has learned.
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UK Chancellor of the Exchequer Gordon Brown said it would be ``irresponsible&#39;&#39; to offer guarantees that there won&#39;t be tax increases, while refuting accusations his spending plans aren&#39;t affordable.
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The recent financial markets chaos which plagued banking group Northern Rock could put the brakes on Britain&#39;s economic growth, the OECD warned Thursday.
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A tax rise on alcohol to help tackle binge drinking is among proposals put forward by a Tory policy group.
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The government is to produce an annual statement on EU spending in the UK in a bid to improve taxpayers' confidence.
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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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Incoming prime minister Gordon Brown hints at a tax raise.