Including more on the Budget, what’s really happened to UK exports to the EU, who’s ready to tackle the welfare bill, another piece of worrying news on inflation, and another dig at Mark Carney... Theme of the Week As expected, John Healey’s first Budget was largely a non-event and, as such, a missed opportunity. Leading … Continue reading Weekly wrap – Three reasons to expect an early election
Category: Taxation
Wary Chancellor presents a Ming Vase Budget
As expected, John Healey delivered a low-key ‘first do no harm’ pre-election Budget, with a few treats for voters and no nasty surprises for investors. But a ‘do some real good’ Budget was needed... The only ‘rabbit’ was a £100 ‘household energy payment’ for 20 million households in council tax bands A–D, costing £2.6 billion. … Continue reading Wary Chancellor presents a Ming Vase Budget
Weekly wrap – ‘clear blue water’
Including more on inheritance tax, the latest mixed signals on the health of the UK economy, the state of the labour and rental markets, and why rejoining the EU would need another referendum... Theme of the Week Few will be reading this for my political views, but I believe this was a good week for … Continue reading Weekly wrap – ‘clear blue water’
Two cheers for Kemi Badenoch’s inheritance tax plans
Inheritance tax is a fundamentally bad tax and raising its threshold makes economic as well as political sense. But exempting “family homes” entirely is more problematic and potentially distortionary. Kemi Badenoch announced today that the Conservative Party “would abolish Inheritance Tax on the family home and raise the individual threshold to £500,000. This will mean … Continue reading Two cheers for Kemi Badenoch’s inheritance tax plans
