Plus: Johnson’s sub-optimal Brexit trade deal choice. I’m not dreaming of a normal Christmas. And: green jobs – overall, a cost not a benefit.
He must ensure that taxation supports viability before he can start to focus on balancing the books.
The Treasury should hold one as the year rolls on, along the lines of that undertaken by Canada’s government during the 1990s.
A major part of the problem is high tax rates driven by borrowing for higher education courses that they’d be better off not taking.
We should have a laser-like focus on reducing the tax burden, instead of relying on nannying to get us off of our bottoms.
Given the Coronavirus uncertainties, whatever he announces could be even more provisional than most schemes of most Chancellors.
It’s a good thing for former senior Ministers to keep thinking, going and contributing, and we wouldn’t be surprised to see a comeback to government.
At the Centre for Policy Studies, we’ve teamed up with Sajid Javid to come up with a comprehensive set of ideas for tackling the challenges ahead.
Investors should create new homes – in an economies-of-scale dozen at a time, and lease a whole care package to local authorities.
The Government has to generate revenue quickly, but austerity and spending cuts are not viable options.
It should remove those taxes and regulations that will stop business from applying their ingenuity on the problem of rebuilding from the ruins.
Despite help being set out for companies during the pandemic, there have been issues with the implementation of schemes. Ministers must keep an eye on this.
The tax benefits of being self-employed should reflect genuine value added relative to normal employment.
The author of the final piece in our mini-series identifies corporation tax, stamp duty, national insurance and investment allowances as targets for action.
In the first piece of a mini-series, our guest author also argues the Government should look again at IR35, and make it more worthwhile to work.