Why Major's tax promises just don't add up

Article Abstract:

Chancellor Kenneth Clarke knows that he must promise tax cuts in his forthcoming speech to the Conservative party, as if he does not do so he will become very unpopular with his party and with voters. However, he is also aware that the UK economy would be damaged by tax cuts. The City is putting pressure on the government for a tough Budget, being particularly concerned about problems with public finances. It is likely that the chancellor will have to turn to spending cuts to overcome these problems.

Tax policy

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Mixed blessings in the two-way flows of foreign investment

Article Abstract:

The UK now has the highest levels of inward and outward direct investment in the world. Outward direct investment was around 2.75% of national output in the period 1980-1990, while inward investment was around 1.75% of GDP. Some economists view this as a very positive trend, while others regard it as simply indicating that the UK has been lagging far behind other industrialised nations in attracting foreign investment.

Foreign operations, Foreign investments, Corporations, Corporations, British

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