Premium
(2) Assumptions
Publication year - 1984
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/j.1468-0319.1984.tb00601.x
Subject(s) - economics , indexation , public economics , tax policy , space (punctuation) , monetary economics , econometrics , macroeconomics , tax reform , monetary policy , linguistics , philosophy
We continue to make our best guesses about likely policy developments which at this time broadly corresponds to “unchanged policy”. Compared with our October projections we estimate that public expenditure is running at a higher level than previously expected and we assume that the higher level will be maintained in the future. As a result, there will be no space for tax reductions in the coming Budget and so we now assume that the National Insurance Surcharge is unchanged. All other tax rates also remain unaltered, except for the indexation of tax allowances and bands and revalorisation of indirect taxes.