Brown Tax Cuts 'Package'

Summary


Speculation was growing yesterday that Prime Minister Gordon Brown is planning a pounds 15 billion package of tax cuts to boost the ailing economy.

He fuelled expectations of tax cuts in the Pre-Budget Report when he said there was an "emerging consensus" internationally on the need for fiscal policy to support the interest rate cuts announced by the Bank of England and European Central Bank.

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Extract


Brown Tax Cuts 'Package'

He and Chancellor Alistair Darling have repeatedly stated this is not the timeto take money out of the economy, as businesses look for consumer spending t...

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