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Realistbear

Gordon "me" Brown To Hit Budget Target

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http://freeserve.advfn.com/news_UK-s-Brown...M_14268562.html

LONDON (AFX) - Chancellor of the Exchequer Gordon Brown is poised to get his
current budget forecast right for the first time since 2000, a leading economic
consultancy said today after a much better-than-expected set of January public
finance data.
Spencer warned the Chancellor that he is "not out of the fiscal woods" yet, and noted that
VAT receipts have hardly grown at all, reflecting the slowdown on the high street.
He also said the slowdown is now beginning to
subdue employment
growth and earnings, which doesn't bode well for next year
.
In addition, Spencer said the
boost in corporation tax receipts from North
Sea oil companies is not likely to be repeated next year.
"It is unlikely that another surge in North Sea oil prices will help the Treasury to hit its optimistic forecasts for next year," said Spencer.

Although this news along with rising house prices will be paraded by Brown as a sign of his continuing success as Chancellor the underlying deterioration in the economy continues.

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http://freeserve.advfn.com/news_UK-s-Brown...M_14268562.html

LONDON (AFX) - Chancellor of the Exchequer Gordon Brown is poised to get his
current budget forecast right for the first time since 2000, a leading economic
consultancy said today after a much better-than-expected set of January public
finance data.
Spencer warned the Chancellor that he is "not out of the fiscal woods" yet, and noted that
VAT receipts have hardly grown at all, reflecting the slowdown on the high street.
He also said the slowdown is now beginning to
subdue employment
growth and earnings, which doesn't bode well for next year
.
In addition, Spencer said the
boost in corporation tax receipts from North
Sea oil companies is not likely to be repeated next year.
"It is unlikely that another surge in North Sea oil prices will help the Treasury to hit its optimistic forecasts for next year," said Spencer.

Although this news along with rising house prices will be paraded by Brown as a sign of his continuing success as Chancellor the underlying deterioration in the economy continues.

Chancer in the exchequer more like it, anything to cook the books

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  • 301 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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