Budget 2018: A Monday unlike any other

The Chancellor, Philip Hammond, has announced that the 2018 Budget will be held on Monday 29th October. That's right, a Monday. Typically, Budgets have always been delivered on Wednesday, a tradition that has survived since 1962 and the various hops around the calendar from March to February to autumn. But we live in interesting times, …

Continue reading Budget 2018: A Monday unlike any other

The Scottish Draft Budget 2018/19 – a new tax structure?

The Scottish draft Budget on 14 December 2017 was eagerly awaited following draft proposals from the Scottish Government for reforming the structure of income tax. Derek Mackay, the Scottish Cabinet Secretary for Finance and the Constitution, did not disappoint, revealing a revised income tax framework that he said would “make Scotland’s tax system fairer and …

Continue reading The Scottish Draft Budget 2018/19 – a new tax structure?

Election-watch: the business of politics

The old joke used to be that the Church of England was the Conservative Party at prayer. Almost as true, the Confederation of British Industry (CBI) was once the Conservative Party at work. No longer: "Theresa May's Conservatives" - the manifesto's brand - has retreated from business. The party's proposals include: A corporation tax rate …

Continue reading Election-watch: the business of politics

Election-watch: pensions, pensioners and politics

Politicians worry about pensioners. One major reason why was highlighted in a report from a House of Commons committeee in late 2014 on voter turnout in the 2010 election. The report estimated that 44% of people aged 18-24 voted, overall turnout was 65.1%, but 75% of those aged over 55 voted. On those figures, it …

Continue reading Election-watch: pensions, pensioners and politics

Zero hours contracts – the rights versus flexibility battleground

It's been called the 'gig economy', which sounds almost fun and for hundreds of thousands of workers it's a way of life. But even before the election, zero hours contracts were a political issue pitting flexibility against workers' rights. A government-commissioned review into employment practices is expected to state that workers on zero-hours contracts should …

Continue reading Zero hours contracts – the rights versus flexibility battleground

Election-watch: the manifesto truth about income tax

Income tax and national insurance contributions (NICs) - the income tax that dare not speak its name - are major revenue raisers for governments of all hues. Together they will produce £305bn for the Exchequer in 2017/18, 44% of all tax revenue, according to the Office for Budget Responsibility's March 2017 estimates. That proportion explains …

Continue reading Election-watch: the manifesto truth about income tax