Philpott, John
December 2008
People Management;12/11/2008, Vol. 14 Issue 25, p10
The author discusses a pre-budget report released by British Chancellor Alistair Darling on November 24, 2008. According to the author, the budget provides a big tax giveaway in 2009 but signals fiscal austerity for several years thereafter. He believes that a temporary cut in value-added tax (VAT), along with a number of spending measures, is part of a fiscal boost to the economy designed to prevent the recession from being both long and deep.


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