-- Britain’s leading business groups are calling on Jeremy Hunt to unlock investment with a mixture of tax cuts, improvements to the UK power grid and policies to address skills shortages when he unveils a package of economic measures later this month.Hunt has downplayed expectations of any big giveaways ahead of his Autumn Statement on Nov. 22, saying his priority is — as it has been all year — to bear down on inflation that remains well above the government’s 2% target.
Hunt’s fiscal headroom at his last budget in March was £6.5 billion , the lowest level ever. Since then, high inflation and wage growth have boosted tax revenue, lifting the margin to around £13 billion, the Resolution Foundation said in a report published Monday. The so-called “big five” of Britain’s business groups — the Confederation of British Industry, British Chambers of Commerce, MakeUK, Institute of Directors and Federation of Small Businesses all are pushing for the latter. Here are corporate Britain’s key asks:Industry’s top request is for Hunt to make permanent the so-called “full expensing” policy he introduced in March, which gave firms 100% tax relief on capital spending such as on new machinery until March 2026.
“When a defendant honestly believes he can’t possibly get a fair trial from the judge, one of the tactics is to antagonize the judge to a point of causing reversible errors,” celebrity lawyer Alan Dershowitz says of the strategyPaul Hennessy/Anadolu via Getty ImagesAlready looking ahead to the public unrest his hypothetical re-election could cause, Donald Trump and his allies are reportedly circling an idea to invoke the Insurrection Act on his first day in office, deploying the military to act...
Are Russia and China going to destroy the US economy? Dave Ramsey's got an answer, and says only 'bottled water and bullets' would work under a worst-case scenario
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: SaltWire Network - 🏆 45. / 63 Read more »