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Brown's Taxing Failures

18 June 2007


How will Gordon Brown be judged as chancellor of the exchequer? After a decade of strong growth, low interest rates and a non-stop drip-feed of the feelgood factor, it might be expected that history's judgment will be kind. Yet from the perspective of tax policy and the promise of social reform through a fundamental overhaul of the tax and benefits system the verdict may well be less charitable. Measured against the confident promises set out in his first budget speeches the chancellor has fallen short on a number of fronts.

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