George Osborne will today promise voters that the Tories will not introduce
under-funded tax cuts as he challenges elements of the party who are pushing for
In a speech to be delivered today Osborne will commit the Tories to matching
Labour’s spending plans for the next two years and review spending in 2010-2011.
Heavyweight Tories, such as Treasury Committee member Michael Fallon, however
are set to push Osborne hard to commit to some tax cuts.
Fallon told the FT that matching tax cuts in one area with tax rises
in another undermined ‘the moral case for lower taxation’.
Osborne will also use the speech to attack Alistair Darling.
‘I suspect the chancellor of the Exchequer will never recover a reputation
for competence,’ Osborne will say.
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
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
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