Category: Politics

The Government should rethink its plans for the National Living Wage

The Times is reporting today (Saturday) that the Chancellor is likely to confirm a rise in the National Living Wage (NLW) of about 4%, from £12.21 to at least £12.70, in next month’s Budget. She will also recommit to extending the full living wage to young people between the ages of 18 and 21 (where a lower … Continue reading The Government should rethink its plans for the National Living Wage →

November Budget needs to be big and bold

A year ago, the Chancellor promised that the £40 billion of tax increases announced in her first Budget would be a “one-off”. But it is now almost certain that her second Budget next month will deliver more of the same. What’s gone wrong? The technical answer is that OBR is expected to predict that the … Continue reading November Budget needs to be big and bold →

Raising income tax would be an act of desperation

The Chancellor is facing growing calls to ‘bite the bullet’ and raise the basic rate of income tax in the November Budget. This would carry huge economic and political risks, but Rachel Reeves may have left herself with no choice. It is already likely that the freeze on personal tax thresholds will be extended for … Continue reading Raising income tax would be an act of desperation →