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Brown promises tax cuts to boost economy

Gordon Brown has promised tax cuts to help boost the flailing economy along with 'fiscal expansion' to aid cash-strapped families and small businesses. Ahead of Monday's pre-Budget report during prime minister's question time, Brown insisted his party was the only one to 'help families through difficult times'. But David Cameron, leader of the opposition, said that cutting taxes now would only lead to further tax rises in the future. In a commons debate held yesterday, Cameron and Brown came head to head, with Brown accusing the Conservatives leader of 'refusing to act' to aid struggling families and businesses. Sue Bonney, head of tax, KPMG Europe, said in KPMG's PBR predictions that: 'Without the tax cuts and substantial public borrowing that the prime minister says are needed to help the UK economy, the chancellor would have very limited room for manoeuvre. 'Public finances are clearly stretched but so are household budgets - and there is an election in the next couple of years to consider.'
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