UK Pre-Budget Report Preview - A pre-election splash?

Make no bones about it, this year’s Pre-Budget Report (PBR) will have one aim and one aim only – to ensure that Gordon Brown wins a general election. We expect some fairly large tax cuts purely intended to grab the headlines and shoot the Conservatives’ fox. But, in order to head off accusations of fiscal recklessness, these will be funded mostly by low-profile tax rises elsewhere.

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