Friday, January 18, 2008

Will Brown follow US and cut taxes?

US recession worries spark Wall Street plunge

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!

Posted by who stole my pension? @ 06:21 AM (505 views)
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One thought on “Will Brown follow US and cut taxes?

  • Will Gordon Brown cut taxes? Nope, the government is broke and would like to raise them even though we are paying more tax now than ever before.

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