Pay is a business cost and, in reaction, profit-seeking firms will raise prices, cut worker benefits, slash services, or leave the sector if profits are squeezed.
Posts Tagged: HMRC
David Gauke: Sunak’s options for a Budget windfall. Lower debt, tax cuts and higher spending. Which will he choose?
The Chancellor will have have more money to play with than was forecast. How he uses these additional resources will tell us a great deal about his priorities.
John O’Connell: Lobbying, and an unacknowledged problem – namely, groups funded by the taxpayer that lobby for even more
The forgotten victims tend to be the taxpayer and small businesses – most of which can barely get hold of their local councillors, let alone ministers.
Looked at in the round, over the 2010-2016 period, the UK had the joint highest growth for a G7 economy, level with the US.
Plus: If Sunak wishes to ingratiate himself with small business people, he should scrap the loan charge and IR35.
Modest consolidation over decades is one thing; large increases over a Parliament would be quite another.
Tony Smith: In over 40 years of Home Office experience, I can’t recall a time when our borders have been under so much pressure
I know that government needs a cross-Whitehall programme that actively engages with the myriad of departments and agencies.
Together with error, it is set to cost the taxpayer an eye-watering sum in the region of £4.6 billion.
This is the second in a three-part series on how to boost our economy after Coronavirus.
Sam Robinson: How can the UK pay off its Coronavirus bill? A carbon tax and reformed wealth taxes would help.
The Government has to generate revenue quickly, but austerity and spending cuts are not viable options.
Large numbers of people are falling through the eligibility gaps – caught between schemes for the employed and self-employed.
Graham Gudgin: Speed, scale, simplicity. Three principles for further action by Ministers to protect jobs and help people.
The job now needs to be completed by shoring up workers’ incomes and firms’ revenues to as close to 100 per cent as is practical.
James Frayne: The challenges of the Coronavirus to working families outside the prosperous South East
What about the impact on domestic violence, with everyone stuck in their own homes? And on those with serious but non-life threatening health problems?
The economy and the virus. Tear up the rulebook – we need Big State Government on a scale unknown in modern times.
The implications of the crisis are such that Johnson and Sunak need not so much to think outside the box as to trample it to tatters altogether.
The Enterprise Investment Scheme has a crucial role to play in helping British SMEs reach their full potential in the global market.