IFA calls for PBR focus on individual debt

With increases in both direct and indirect taxes likely to form a main plank of government efforts to reduce the country's huge debt, getting to grips with individual debt will be essential, says Carl Lamb. He says the combination of increased taxes, indebtedness and possible interest rate rises later next year will have a significant effect on individuals' disposable cash. Income tax, VAT, National Insurance, capital gains tax and perhaps stamp duty could all come udner the microscope as Alistair Darling looks to plug the deficit. Therefore, Lamb thinks the Chancellor should drive...