Unlocking Companies' Cash; Britain's Budget  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8776 (Mar. 2012), page 12.
Topik: Private Sector; Organizational Behavior; Budget Deficits; Economic Recovery
Fulltext: Unlocking companies' cash - Print document - ProQuest.pdf (33.04KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.70 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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For almost two years George Osborne, the chancellor of the exchequer, has steered Britain in a more austere fiscal direction than any other country that has much choice in the matter. It has been a joyless journey, but so far a successful one. The credibility established in bond markets by such progress allows Mr Osborne some wiggle room in his third budget, which he will put before Parliament on March 21st. He should use it to encourage large businesses, which have plenty of money, to spend it. Firms have been hoarding cash for many reasons: fears about financial collapse in Europe; worries about demand in Britain's main markets; a strategy to keep money handy to build a presence in faster-growing markets; and so on. Mr Osborne can do little about such concerns. But now that the world economy's prospects are a little brighter, he can tilt corporate decisions towards investing in Britain.

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