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Cut Here in Case of An Emergency April 27, 2010

Posted by Audit Monkey in The State of the British Nation.
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At long last, the Institute of Fiscal Studies (IFS) have broken the silence during the current campaign and stated the obvious, there will be a dire need for public spending cuts whoever wins the General Election. Until now, the main political parties have been strangely mute on the detail and dazzled the electorate with vague references to cutting waste through efficiencies, etc.

Quote of the Week, W/E 05/03/10 March 5, 2010

Posted by Audit Monkey in Quote of the Week, The Joy & Pain of Internal Audit.
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It has been an uneventful week in the office but rather more eventful in the world of British politics and economics. The pound is in a deflationary spiral against the Dollar and Euro, thereby making any holiday away from the Land of Albion rather expensive.

Meanwhile, it has emerged that Lord Ashcroft, who has been bank rolling the Conservative Party, has ‘nom-dom’ status, meaning he hasn’t been paying UK tax on his overseas earnings. Lord Ashcroft has been castigated in the UK Press for not being entirely honest and being a touch shady. I don’t know all the in’s and out’s but in a perverse way, Lord Ashcroft will probably be held in high esteem by certain sections of society, i.e. anyone who pays higher rate tax, as he has been savvy enough to avoid punitive UK taxes.