UK economy: tax cut caution
Article Abstract:
The UK chancellor, Kenneth Clarke, has emphasised the limits imposed by convergence criteria of the European Union (EU) in relation to budget deficits. These criteria leave the UK with little room for manoeuver in terms of tax reductions. The UK deficit for 1996-1997 is estimated at 2% of gross domestic product, or 16.1 billion pounds sterling, if taxes are not reduced in Nov 1995. Tax reductions would have to be kept within from 3 billion pounds to 4 billion pounds if the criteria are to be met.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Lining up a blind date with Channel 5
Article Abstract:
UK TV companies are bidding for a new license for the Channel 5 franchise. Companies competing for the franchise include Virgin Group, bidding with Philips, HTV, Electra and Associated Newspapers, and Pearson with CLT and MAI. Some 70% of the UK populations will be able to watch Channel 5, with much of Wales, Scotland and southern England excluded. There are technical issues to be solved such as retuning video recorders to prevent interferance.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
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