The missing billions
Article Abstract:
UK tax revenue forecasts for 1996 have been revised downwards by 8.6 billion pounds sterling, with 3.1 billion of the total accounted for by reductions in taxation. Retail price inflation has been higher than expected, adding to spending on social security. This has meant that reductions in the public sector borrowing requirement are more difficult to achieve, and tax cuts have had to be restrained. Lower inflation should help the government since interest rates can be reduced.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Bid fever offers support for some
Article Abstract:
UK analysts have revised some estimates for UK securities following the end of the reporting season for 1995 interim results. Speculation over possible bids has affected some share prices such as Cadbury Schweppes. Merchant banks are seen as likely bid targets, though some have had downward revisions for full-year results. Housebuilders face difficult conditions, and Beazer Homes has seen 12 revisions downward of a total of 14 revisions.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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