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Analysts believe many highly paid financial sector workers deferred their bonuses into the new tax year, which started in April, so that they could pay the newly reduced 45p top rate of tax, instead of the 50p rate abolished by the chancellor, George Osborne.
As a result, the final decision reflects the broad consensus of Chinese society on many issues such as public health reform, adjustment of the one child policy, deferred retirement age, banking sector reform, education reform and the end of the "reform through labor" system.
West Midlands police authority has deferred selecting a private-sector partner until after the police commissioner elections on 15 November.
In contrast, America has largely avoided this trap by deferring its public-sector deleveraging into the future (see article).Structural reforms are essential, but Italy also needs stronger demand.
The commission said it would defer to the private sector on which authentication standard should be employed.
This will come from information technology spending that was deferred over the past 12 months, particularly from the hard pressed banking and brokerage sector, a major component of IT spending.
Its agents said large-scale private sector projects were "being challenged more rigorously and, in some cases, being scaled back or deferred".
The result will be deferred consumption and firms laying off workers; that is, unless output is offset by rises in the trade sector (i.e. more exports).
Public employees' wages are generally lower than private-sector workers, and so they have been afforded some type of equity in the form of deferred compensation, such as retirement benefits.
Not deferred.
"They were deferred.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com