The early part of the summer has witnessed two significant events within the EU. The first is in G...
The early part of the summer has witnessed two significant events within the EU. The first is in Germany. Chancellor Schroeder has brought forward cuts in personal taxation, scheduled for 2005, into 2004, and announced moves to cut government spending as well as plans to deregulate the labour market. The second is in France, where president Chirac has won his first battle in carrying out his dual election promises of reducing tax and reforming the generous public sector pensions entitlement. For two decades, we have watched these two great economies become increasingly burdened by...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes