Revolution in the United Kingdom
by AccountingWeb on
March 23 will probably go down as a day of revolution in the UK. It is the day of the new coalition governments first considered budget.
It is expected that there will be a number of significant changes to taxation and regulation. For those American companies doing business here you must make sure you know what is happening.
Predictions? I will give you these on Thursday.
When Blair published his memories he admitted that the first years in office where full of mistakes. The coalition is having the same problems. They are cutting back on defence spending and now find themselves in a new war.
So I can predict that there are going to be huge mistakes and political statements of policy, easy to do when the next election is in 2015.