All Entries Tagged With: "pre-budget"
George Osborne urges that we need further interest rate cuts
George Osborne attacks Alistair Darlings Pre-budget report package and calls for “radical monetary action” urging the government to intervene directly in the banking system to make banks lend more and to cut the base interest rate further.
Mr Osborne insisted that there is room to cut rates further, stating that in the US the interest rate [...]
Nov 25, 2008 | Comments 0
Pre-Budget Speech: VAT cut and how it affects consumers
With Consumers already taking advantage of struggling retailers slashing 20 to 30 percent of all their goods to encourage spending, the 2.5 percent extra discount consumers will receive by the Chancellor cutting VAT down from 17.5 percent to 15 percent will make little or no difference at all.
The cut in VAT is highly unlikely to [...]
Nov 24, 2008 | Comments 0