The Independent (April 28)
“There can be no doubt that the UK’s economic situation is much more likely to deteriorate than improve in the next few years.” Higher taxes and/or lower benefits will be essential to strengthening the Treasury. “All of this adds to stagnant or declining living standards…. No wonder, then, that consumer confidence is likely to become weaker as the uncertainties crowd in.” But the biggest economic hurdle will be crimped investment. “Business does not want to invest in Britain unless they can be sure of a return on those funds after the UK loses its easy access to the single market.”
Tags: Benefits, Consumer confidence, Deteriorate, Investment. Brexit, Living standards, Single market, Taxes, Treasury, UK
New York Times (April 27)
President Trump’s tax plan can hardly be called a plan, but it certainly takes the cake… and serves it up to the rich. “The skimpy one-page tax proposal his administration released on Wednesday is, by any historical standard, a laughable stunt by a gang of plutocrats looking to enrich themselves at the expense of the country’s future.”
