Detail Going for Broke   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 395 no. 8688 (Jun. 2010), page 16. Topik: Britain Budget; George Osborne; Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.61 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel NO ONE can deny that George Osborne has bottle. The emergency budget presented on June 22nd by Britain’s new Conservative chancellor of the exchequer aims to deliver a whopping fiscal retrenchment equal to 6.3% of GDP by 2014-15. Three-quarters of the adjustment will come from spending cuts, including cuts in welfare. The rest will come from tax hikes, both those planned by Labour and new ones, including notably a rise in the consumption-tax (VAT) rate (see article). Government spending will fall from over 47% of GDP in 2009-10 to under 41%, and borrowing from 11% of GDP to 2%. This is tough stuff, and the markets took it as such. Sterling and gilt-edged government bonds strengthened a bit; the credit-rating agencies expressed renewed confidence. The message—that, at a time of worldwide jitters over sovereign debt, Britain is determined not to be classed with the likes of Greece—is welcome. So is the balance of spending cuts and tax rises, and the reduction in the corporate-tax rat Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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