OBR confirms UK recession and weakest public finances 'for many decades'
The Office for Budget Responsibility had revealed that the UK has tipped into a recession.
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The Office for Budget Responsibility had revealed that the UK has tipped into a recession.
Jeremy Hunt has announced a series of changes to the UK R&D regime, including a cut to the deduction and credit rates for the SME scheme
You see anything in this that is going to stimulate growth? do you see a plan for growth in the budget? there are some bits and aspects that were announced that will have some positive impact on growth. 0n the whole hole, this is a return to austerity, a delayed austerity nonetheless, by the end of the next five years if these plan crystallises, we will see departmental spending cuts by 1% of uk gdp and also if you look through the fine print, capital spending as well will be cut relative to what we had seen in the spring statement, by about 20 billion as well. another 1% of gdp. when you star...
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