Brown to cut taxes for businesses?
Nov 10 2008
Gordon Brown may introduce a £15 billion package of tax cuts for businesses as part of the upcoming pre-Budget report.
The prime minister has fuelled speculation on potential cuts by saying there needs to be changes to fiscal policy to back up the 1.5 percentage point cut in interest rates seen last week.
However, the government has downplayed these claims, saying a recent report in the Financial Times on the subject was 'speculative'.
The prime minister has gone on to praise similar deals occurring in other countries, congratulating China on a £375 billion package which includes £11 billion of business tax cuts.
A report in the Sunday Mirror also claims a "senior ministerial source" said: 'There's going to be a major package of tax cuts and public spending.'
The newspaper's source went on to claim the deal would be in the region of £10 to £15 billion to 'stimulate the economy'.
Chancellor Alistair Darling is to release the pre-Budget report before the end of the month.
The prime minister has fuelled speculation on potential cuts by saying there needs to be changes to fiscal policy to back up the 1.5 percentage point cut in interest rates seen last week.
However, the government has downplayed these claims, saying a recent report in the Financial Times on the subject was 'speculative'.
The prime minister has gone on to praise similar deals occurring in other countries, congratulating China on a £375 billion package which includes £11 billion of business tax cuts.
A report in the Sunday Mirror also claims a "senior ministerial source" said: 'There's going to be a major package of tax cuts and public spending.'
The newspaper's source went on to claim the deal would be in the region of £10 to £15 billion to 'stimulate the economy'.
Chancellor Alistair Darling is to release the pre-Budget report before the end of the month.
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