The first group of savings are about making the state more efficient, the second about creating a state focused on the core tasks of government.
Posts Tagged: Pensions
David Willetts: The Government is wrong to propose cutting back on Universal Credit while the triple lock remains untouched
And when it comes to paying for the crisis measures, as we must, taxes must not fall on younger workers.
Our new Pensions Bill will cracking down on bad pension bosses, utilising new technology to put the consumer in charge, and help us get to Net Zero.
Why the obsessive focus on new tax rises when we need proper spending control – in the form of a real zero-based review?
The Treasury should hold one as the year rolls on, along the lines of that undertaken by Canada’s government during the 1990s.
Modest consolidation over decades is one thing; large increases over a Parliament would be quite another.
James Frayne: Big tax rises would make Tory campaigning impossible – in Red Wall seats as well as traditionally blue ones
The public would catch up when growth slowed and redundancies rose. It would become clear that raising taxes on employers doesn’t help anyone.
Sunak’s statement tomorrow. How much like the Old Normal can we afford to make the New Normal be – or try to?
Given the Coronavirus uncertainties, whatever he announces could be even more provisional than most schemes of most Chancellors.
Eamonn Butler: More state provision won’t fix social care. It needs partnerships with independent providers.
Investors should create new homes – in an economies-of-scale dozen at a time, and lease a whole care package to local authorities.
Ryan Bourne: Don’t fret about this debt – at least not yet. Big tax rises would choke economic recovery.
If it proves a temporary blowout rather than permanent, accumulated debt levels being modestly higher looks manageable.
The tax benefits of being self-employed should reflect genuine value added relative to normal employment.
Budget 1) This was less a Conservative Budget than “the People’s Budget”. From a Vote Leave Government – not the usual Tory one.
It may be necessary, given the Coronavirus, and could even work. But Britain has a long, long record of state spending failing to turbo-charge growth.
The Coronavirus will punch a hole in Sunak’s sums sufficient to throw levelling-up, Boosterism, Brexit bonuses – what have you – off course.
Simply scrapping higher rate tax relief would be an act of fiscal hooliganism, but the Chancellor has other options available to him.
Garvan Walshe: How the majority needed to deliver Brexit will thwart the reform needed to make a success of it
A new Conservative Government will need to transform the economy. It remains to be seen whether this be done with a majority based on northern, post-industrial Britain.
Let him carry on what he’s started by exploding the financial framework Labour announced in only two days.