‘The fiscal cupboard is bare’ warns EY ITEM Club ahead of Autumn Statement

ACCOUNTANCY and advisory firm EY's ITEM Club is predicting that the Chancellor will struggle to offer many ‘giveaways’ in his Autumn Statement on Wednesday. 

It is expecting 2014/15 borrowing to be revised up by £9bn despite stronger economic growth and predicts that the forecast for a budget surplus is likely to be pushed back by a year, with further spending restraint needed in 2019-20.

A disappointing recovery in tax receipts means that George Osborne will struggle to offer many pre-General Election h... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...