The Caithness Business Index has posted the following article:

Institute for Fiscal Studies Response To U-turn On Plan To Cut 45p Income Tax Rate

[IMG][/IMG] "The Chancellor still has a lot of work to do if he is to display a credible commitment to fiscal sustainability." IFS Director Paul Johnson said: "The direct impact of the government's U-turn on the abolition of the additional 45p rate of income tax is of limited fiscal significance. At a medium-run cost of around £2 billion a year, it represented only a small fraction of the Chancellor's mini-Budget announcements. [Read Full Article]