Five things you should know about the Autumn Statement

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.

Source: 5 Things You Should Know About The Autumn Statement | Real Media – The News You Don’t See

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  1. Michael Broadhurst November 24, 2015 at 12:56 am - Reply

    well would you know it.anybody with half a brain would have guessed this.
    it wants investigating how many MP’s have shares in the companies that are allowed
    to avoid paying taxes,and making donations to the Tory party.
    so much for transperancy !!

  2. MarkG November 24, 2015 at 1:49 pm - Reply

    Revolution anyone. This criminal sleazy cowardly government should be in prison not the house of commons. It proves we have no real democracy or law for the people. I am hearing more and more people saying they are losing hope. When people lose hope on a grand scale really bad things start happening.

  3. mrmarcpc November 24, 2015 at 2:32 pm - Reply

    The sooner these fascists are out of government, the better we’ll all be!

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