Summary
THE economic outlook for the rest of the year is dismal, according to the Ernst & Young Item Club, the only forecaster to use the Treasury model of the economy.
The implications for income tax, however, remain unclear.See the full content of this document
Extract
Economic Forecasters Predict Grim Time Lies Ahead
One train of thought suggests Gordon Brown, the chancellor, will have to raise taxes next year to plug a possible pounds ...
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