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N I E S R: Cuts Will Reduce Tax Base And Thwart Goals

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Economists warn over spending cuts
Yesterday, 12:54 am
The National Institute of Economic and Social Research (NIESR) said lower growth would lead to less taxes, which would hold back efforts to rein in Britain's ballooning debt.
NIESR predicted the fiscal deficit will fall to 3.6 per cent of gross domestic product (GDP) in 2014/15 rather than the 2.1 per cent forecasted by the independent Office for Budget Responsibility (OBR).
It said the main reason was that growth would be slower than the OBR assumed, reducing the tax base.

This is as close as you get to an economic tautology.

Doomed in limine.

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  • 417 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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