UK Economics Correspondent, London
Andy's Feed
Oct 17, 2014

UK budget watchdog puts focus on labour market for new tax forecasts

LONDON (Reuters) – Britain’s independent budget watchdog said on Thursday it will work with tax authorities to look at how strong jobs growth but weak earnings have dented income tax revenues, before it makes new forecasts in December.

Labour income accounts for more than 40 percent of Britain’s tax revenue, and much of it has disappointed in the current 2014/15 financial year.

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