From Taxation Web:
Bank rates in the UK are currently at 2%, and falling. Those in the USA are almost 0%. Effectively monetary policy ceases to be a weapon of economic control when that point is reached. Fiscal policy is all that is left. This is the current reality, and it is going to persist for a year or more. In that case, is the tax debate with which we are familiar, and which this report from Boris Johnson and his Review Panel reiterates, one that is sustainable?
The Review was published last month if you recall. Now read on.
