Wednesday, September 2, 2009
How do we pay for this ‘sugar rush’?
A serious analysis of the UK government's options to fund itself. "Tax receipts in several countries are facing headwinds from job losses and structural changes to their economies. The new world of tougher-to-obtain and less abundant credit will impact the composition of tax revenues, and in many cases will reduce the overall tax-take. These effects will persist long after monetary stimuli have provided their temporary â€˜sugar rushâ€™. We look at the UK as a prominent example of an economy with potentially many tough years ahead of it."