Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: empanelment :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: TDS :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: form 3cd :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: ACCOUNTING STANDARDS
 
 
« General »
 How you can reduce your tax to zero if you have income within Rs 10 lakh
 NRIs’ overseas bank info needed only for tax refund
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018-regd
  GST: How companies are gaming the system
 Goods And Services Tax transparency: Elimination of added taxes to boost investment in realty
 In a first, Income Tax department to charge govt official under new benami law
 Income Tax Return Filing: 10 common mistakes people make while filing return of income
 Income Tax efiling: A few essential facts for senior citizens to keep in mind
 Pre-GST discounts get Maharashtra 16% more sales tax in three months

Expert: Economy still in danger
August, 10th 2009

The struggling UK economy is still in danger of slipping into a Japan-style "lost decade", a former Bank of England rate-setter has said.

The warning from Sushil Wadhwani, a former member of the Monetary Policy Committee, comes ahead of the Bank's latest economic forecasts on Wednesday.

These are expected to show worsening UK growth prospects and a lingering threat of long-term deflation - falling prices - after the Bank elected to pump an extra 50 billion into the economy in a surprise move.

Despite tentative signs of recovery, Mr Wadhwani told the Daily Telegraph the economy could dip down again next year after a brief bounce - following a similar pattern to Japan in the early 1990s.

"People think things will then return to normal - but these bounces are driven by temporary factors - for instance, destocking turning to restocking, or factors like that you go only so long without replacing your car, or by the VAT stimulus."

He added: "The second half of 2010 could be more difficult for the UK than 2009.

"There will be a big fiscal tightening, the VAT tax cut will have gone, and the world as a whole will be slowing at that point.

"You will have several things coming together which will dampen the economy."

Rate-setters are desperate to avoid the UK sliding into the kind of deflationary spiral which left Japan's economy in the doldrums for a decade.

In the UK, Retail Prices Index inflation is currently negative, although this should be temporary due to falling house prices and mortgage interest payments.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions