Britain Tests the Limits With Plan to Tax Its Way Out of Debt
Britain was singled out for praise by the International Monetary Fund this month for the boldest deficit-reduction plan of any Group of Seven nation. Bolder still is its decision to deliver the whole squeeze with higher taxes, with economists warning that Chancellor of the Exchequer John Healey is pushing the boundaries of what’s possible.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
