There is a limit to what can fairly and sensibly be achieved by raising other taxes and cutting public spending – especially when it comes to pay.
The first of a series of five articles on ConservativeHome this week about the main challenges that await the new Prime Minister.
At the very least, we need an Office for Economic Growth, as proposed by both Kemi Badenoch in her leadership bid and the former Treasury minister, Lord Agnew.
My guess is that she is too smart to allow the worst case scenario to happen. To do that, however, she is going to have to move swiftly from focusing on winning the confidence of Conservative MPs and party members to winning the confidence of the markets.
The effect of benefit policy changes on the incomes of working-age adults and children since 2010 has been an average loss of £375 per year compared with a boost to pensioners of £510 per year.
Once taxation and National Insurance were deducted, his take-home pay had increased by £15 a month.
The Director of the Prime Minister’s Policy Unit on his four tests for new Government policies – and moving on from the confidence vote.
The shock-absorber is a looser fiscal policy. Although the budget deficit is higher than one would like, the good news is that it is falling sharply.
As Bright Blue’s new report outlines, we can use tax as a tool to help reach a wide set of economic, social, and environmental goals.
Siddiq adds that she is “very worried by the National Insurance hike hitting people’s pay packets this week.”
His Spring Statement was a missed opportunity despite some welcome measures – and further measures may be unveiled during the months ahead.
The criticism of him in the newspaper most read by Party activists took little account of the effects of war and pandemic on the choices he must make.
“Cutting taxes is not easy,” the Chancellor said with a sigh. It is, however, easier than putting them up.
The Chancellor should not feel constrained by the OBR’s forecasts into limiting the actions he can take.
The second in a series of articles on how the Chancellor should approach the upcoming Spring Statement.