
James Frayne: The Government should reverse this raid on risk-takers
May and Hammond are right to prioritise the working class, but an attack on small traders and self-starters is only going to alienate them – and many more besides.
May and Hammond are right to prioritise the working class, but an attack on small traders and self-starters is only going to alienate them – and many more besides.
The Telegraph and the Sun also have harsh words for the new taxes facing the self-employed… but the Express brushes it off in a sentence.
And May’s reputation for straightforwardness risks damage from the Budget’s proposals for NICs.
Mass analysis of Twitter reaction shows its reputation was sealed by mid-afternoon. The proportion of angry tweets reached half the total.
Studying 43,639 Tweets posted during Hammond’s speech and Corbyn’s reply shows the challenge facing the Chancellor.
“Today’s OBR report confirms the continued resilience of the economy.”
Tax rises for the self-employed and those who have set up their own companies. More money for the NHS and social care. And an overhaul of technical education.
He sets out to deliver his first and last Spring Budget.
Plus: Is Hammond’s deficit reduction strategy right? Is Trump a good or bad thing? And should May call a snap election?
The first piece in our mini-series on reducing the deficit explores ideas from addressing ‘grey welfare’ to closing Whitehall departments.
He could commit to some tangible metrics – i.e: reducing the tax code in length by 25 per cent by 2019, or pledging to abolish three taxes in each budget.
The harsh truth is that, nearly seven years into Conservative-led Government, we are still living beyond our means.
Hammond is a rare beast – most holders of his office have done everything they can to extend their power.
Hammond wants no longer to treat it as a second Budget-style political opportunity. That may turn out to be better in principle than in practice.
The Budget ducked the hard choices that need to be made.