Thatcher's tax cutter. (Nigel Lawson) (editorial)
Economist (US), The, March, 1988
HIGH expectations are almost bound to be disappointed, so it is easy to carp about some of the details in the budget presented by Nigel Lawson on Tuesday. The chancellor should have been bolder about extending the scope of value-added tax; braver about raising excise duties on alcohol; clearer about the role of national-insurance contributions, taxes by another name. Yet history will say these are quibbles. Only two things in the budget really matter for Britain's long-term future. One is the decision to run a budget surplus in the next financial year, with a balanced budget as the routine goal. The other is to have only two rates of income tax (25% and 40%) where previously there had been six (running from 27% up to 60%).
These two changes are more, much more,...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
