The Government is collecting £17 billion less than forecast in - TopicsExpress



          

The Government is collecting £17 billion less than forecast in income tax because of the lack of earnings growth, the TUC has claimed. TUC general secretary Frances OGrady said: The economy has become very good at creating low-paid jobs, but not the better paid work that brings in income tax. The Chancellors sums just dont add up - he cant make the tax cuts for the better off that he is promising and meet his deficit reduction target without making cuts to public services. We cant cut our way out of this problem any more than we can dig ourselves out of a hole. More austerity would only keep us stuck in a downward spiral.
Posted on: Fri, 28 Nov 2014 09:19:35 +0000

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