The Caithness Business Index has posted the following article:

Policy Errors Set Chancellor On Course To Announce ‘Osborne-level' Spending Cuts To Balance The Books

[IMG][/IMG] The Chancellor's fiscal statement last week and the severe market fall-out from it - including a plunging pound, rising interest rates and emergency intervention from the Bank of England – will force him to make tough policy choices, including big spending cuts, in his promised Medium-Term Fiscal Plan due in less than eight weeks’ time, according to new Resolution Foundation analysis. Last Friday’s Fiscal Statement – in which the Chancellor announced £45 billion of permanent tax cuts without any details of how they would be paid for – has created significant turmoil in financial markets. [Read Full Article]