This is self-explanatory. I’ve included only the headings of the ‘five things’ but you can read the details over at Real Media.
But you should be aware of the last point, so let’s make it the first: “draft legislation to tackle aggressive tax avoidance has been pushed back due to ‘complexity’, and won’t feature in the Autumn Statement”.
Well, what a surprise!
Yet again the Conservative Government avoids tackling tax avoidance. You’d think ministers had a vested interest in letting it continue. Wouldn’t you?
On Wednesday George Osborne will unveil his latest package of financial policy, as part of his ambitious plan to create a surplus by 2020. It’s clear he has his work cut out, with recent figures from Office for National Security showing the deficit has actually grown by a whopping 16% since October 2014.
With economists predicting a big miss for his deficit targets, the Chancellor will set out just how he intends to deliver the programme of cuts promised by the Conservative Party at the 2015 general election, with speculation rife as to what might be included.
The arguments over proposed cuts to Tax Credits have received widespread coverage in the mainstream press, and whatever the outcome of Wednesday’s statement, it seems likely it will contain proposals which could lead to potential hardship for thousands of ‘hardworking families’ and ‘strivers’.
It’s possible the Autumn Statement will include policy details on just how the Government plans to solve the UK’s Housing crisis, with more details about the 20,000 starter homes the Government promised to build at the election.
The Northern Powerhouse, more details on the UK Living Wage, a huge reduction in Transport for London’s government grant, and reforms to pensions have all been touted as possible points of focus for Wednesday’s statement.
With only a few days to go and the Chancellor himself declaring ‘economic security to be the ‘beating heart’ of the spending review, here’s five things you should know about the Autumn Statement.
1. All eyes are on the potential cuts to Tax Credits
2. Housing Benefit
3. Deep cuts for Government departments
4. It’s ‘Which Public Service will be privatised this time’ bingo!
5. Corporation Tax
Sadly, draft legislation to tackle aggressive tax avoidance has been pushed back due to ‘complexity’, and won’t feature in the Autumn Statement.
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