Hard times beat great expectations

Article Abstract:

Public finances are worse than predicted. The Chancellor Norman Lamont introduced a lower tax band in the Budget, of 20 pence payable on the first 2,000 pounds sterling of taxable income. This aids the long-term objective of a 20 pence basic rate as the basic rate could be cut or the 2,000 pounds sterling band could be extended. The inflation rate will fall to traditional German levels and the UK will be able to join the single European currency. This is essential to manufacturing success.

Inflation (Finance), Income tax, Inflation (Economics)

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The wealth creation myth

Article Abstract:

Many managers in business do not understand balance sheets or economics. Few realise that economic activities are always two-sided, with every income-creating action necessitating a debit or increase in borrowing somewhere else. The value of new businesses, capital investment and productivity for national wealth and growth is examined. Exporting is essential. The UK international trade level is very low compared to other countries'.

Analysis, International trade, Gross domestic product, Commerce

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