P522ORACLE 522 Mon13 Jan C4 9714:28
TAX CUTS BONANZA
RULED OUT
Anyone expecting the much vaunted tax
cuts in this year's Budget to be a
give-away bonanza is in for a shock,
according to leading stockbrokers.
And Phillips and Drew+s latest ecgnomic
briefing warns that an oil price
collapse could rule out any tax
concessions at all.
Even if oil avoids a sudden collapse,
a £2bn cut in the tax bill would still
mean only £2 a week extra fgr the
average man in work.
They also warn that higher interest
rates will follow an oil price drop.
* HOLIDAYS GALORE!! * 580