Labour rebels are mobilising for mutiny after prime minister Gordon Brown
ruled out quick concessions to ease the impact on low income earners from the
scrapping the 10p tax band,.
In all, 70 backbenchers and six ministerial aides have now publicly voiced
concern over the changes, announced in last year’s Budget,
Press Association reports.
The 10p band was formally scrapped earlier this month, but the
bill enacting changes from this year’s budget is still before Parliament,
providing a focus for a rebellion.
The Tories, who are opposing the tax change supported by the Lib Dems, are
calling on chancellor Alistair Darling to ‘get off his backside’ and reverse the
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals