News Source: BBC
| about 1 month ago
The MPC was also unanimous in agreeing not to extend further the Bank's scheme to pump money into the economy. The Bank agreed that it would keep the scale of this £175bn programme, a policy known as quantitative easing, "under review". Figures out...
News Source: BBC
| about 1 month ago
The build up of government debt, which may reach 93% of of GDP by 2015, will leave a burden for our descendants," the think tank added. Other measures to reduce debt levels could include extending VAT to a wider range of goods, or imposing a five-...
News Source: Xinhuanet.com
| about 1 month ago
As a result, the GDP will grow by only 0.8 percent. In the face of the recovery, the think-tank warned that it is important to bear in mind that recent improvements had been reliant on a number of temporary factors such as fiscal expansions,...
News Source: Xinhuanet.com
| about 1 month ago
He predicted that consumer spending would continue to fall in 2011, though only by 0.1 percent, as households continue to save more. The saving ratio would reach 8.2 percent of disposable income in 2011, up from 1.7 percent in 2008. British gross...
News Source: Androscoggin News
| about 1 month ago
Income tax 'must rise by 7p to pay back Britain's debts' Debt mountain: To tackle it, the basic tax rate must rise to 27p, a report says The Government could have to put 7p on the basic rate of income tax as part of its efforts to rein in...
News Source: Androscoggin News
| about 1 month ago
Repairing public finances will require tax rises, spending cuts and increases to the retirement age far beyond those currently on the political agenda, a leading academic think tank said on Wednesday. Britain would not experience the same growth as...