Friday, January 18, 2008
Will Brown follow US and cut taxes?
As recession panic grips US, Bush announces hugh tax cuts to stimulate economy (as well as increased spending). Will Brown now do the sensible thing and cut taxes? I don't think I will hold my breath as fuel tax is still planned to go up in April!! I suspect though he will try to increase spending e.g. increasing MP pensions!! The U.K. is in one hell of a mess, high taxes, high debt and a falling pound! All good news for house price deflation!