uh oh, UKPLC to go bankrupt
so the 40% rule Gordon Brown brought in (can't borrow more than 40% of national income) is set to be pushed aside as the mess they have brought upon themselves means less tax revenues so they're going to have to borrow even more.
- less stamp duty because no housing market (their own fault because of making stamp duty up to 5 times more expensive and introducing HIPS)
- cock up on 10% tax rate compensation cost £2bn + not budgeted
You name it.
So if you thought this would be a short period of hardship, think again :sad1:
Last edited by SBP; 17-07-2008 at 21:36.
Reason: extra info
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