» Thursday, November 6, 2008Taxes
Asked when the Government had cut taxes, the PMS said that we announced a 2.7 billion reduction in taxes in May, and that we had also taken action in relation to stamp duty. Put that the 2.7 billion had been a compensation for a previous tax rise, the PMS said no, not entirely; Alistair Darling made clear in his statement at the time that part of the reason he was taking action was to support the wider economy. Our action on fiscal policy 6 months ago was pre-emptive in order to help support the economy, and today we were seeing similar pre-emptive action from BoE on interest rates. Asked if we could expect more in the Pre Budget Report (PBR), the PMS said that that was a matter for the Treasury. Asked when the PBR would be, the PMS said that as and when the Treasury were in a position to announce a date they would do so. Briefing took place at 16:45 | Search for related news Original PMOS briefings are © Crown Copyright. Crown Copyright material is reproduced with the permission of the Controller of HMSO and the Queen's Printer for Scotland. Click-use licence number C02W0004089. Material is reproduced from the original 10 Downing Street source, but may not be the most up-to-date version of the briefings, which might be revised at the original source. Users should check with the original source in case of revisions. Comments are © Copyright contributors. Everything else is © Copyright Downing Street Says. |
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