ITEM Club: Tax rises in 2006 are inevitable | AccountingWEB

ITEM Club: Tax rises in 2006 are inevitable

It's the consumer that is now prudent, not the Chancellor, according to Ernst & Young's ITEM Club.

ITEM said its winter forecast shows the UK economy improving modestly throughout 2005 with expected GDP growth of 2.6%, driven principally by the public sector, but hitting a wall in 2006.

It expects government funding problems to culminate in tax rises in next year's Budget.

Household finances remain in relatively good shape, in contrast.


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