In a strongly-worded statement, Anne Redston, the firm's tax policy expert, said: 'The chancellor announced a complete about face by the Treasury. Never before have they agreed to link taxes to spending in such a direct way. This has major implications for the tax system. It gets the Government over a political hump - linking unpopular tax increases to popular causes. But there are dangers too: what about the boring necessary stuff that can't be made acceptable?'Additionally how can public transport authorities and the NHS plan if they cannot predict how much the hypothecated tax will generate over the next few years if the fuel escalator and tobacco duty will be decided Budget by Budget? There needs to be some certainty built into the system.'Genuine hypothecation would be revolutionary if this is what he is suggesting, fake hypothecation will raise expectations and encourage a pick and mix mentality.'
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago