UK Industry Urges Tax Cuts, Government Faces Spending Hike, Labour Warns of Dodgy Data, Government Considers Tax Cuts

UK industry calls on Chancellor Hunt to cut business taxes and implement measures to boost growth. Next UK government forced to raise taxes to a new postwar high due to increasing public spending. Labour warned about the tyranny of dodgy data in economic forecasting. UK government considering tax cuts to win back lost Tory voters. UK credit assessors raise outlook on the UK to stable.