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#springstatement

65 posts38 participants0 posts today

From Dan Neidle at Tax Policy Associates:

Rachel Reeves' Spring Statement papers contain a major suite of anti-tax avoidance proposals, probably the toughest ever introduced. If enacted this will, in effect, criminalise the tax avoidance industry.

Why wasn't it referenced in her speech?

Why wasn't it mentioned in all he pre-and-post speech news and comment?

taxpolicy.org.uk/2025/03/26/ra

/3 edited #SpringStatement Rachel Reeves has failed to “fix the foundations” and has resorted to the kind of “sticking-plaster solutions” to which Keir Starmer said the Tories were addicted. The Independent View
Rachel Reeves will soon be back to squeeze us again. It was not a Budget, but it had as much impact as one
From the Independent. (so Indy it's behind a f'ing paywall. Free speech, my rse!). #UKPolitics #Economics

1/ Edited from 'The Independent'
The View from Westminster
Spring statement overtaken by events already. Within hours of Rachel Reeves’s spring statement yesterday, Donald Trump announced 25 per cent tariffs on all car imports to the US to take effect in a week. –that would negate the chancellor’s announcements at a stroke. Having just restored her £9.9bn headroom against her self-imposed fiscal rules in the forecast for 2029, American tariffs would wipe it out.
#UKPolitics #SpringStatement

Rachel Reeves’ Spring Statement is deeply worrying

Richard Murphy argues that Reeves' plan is based on attracting massive foreign investment based on high borrowing rates, and the poorest in the UK paying the price.

Funnelling money from poor UK residents to rich foreign investors is not an economic plan, it's a catastrophe, morally disgusting and plays straight into the hands of Reform

youtu.be/kdtKbjtIp4s?si=VBy9Yc

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The Spring Statement involved a number of choices:

'The Chancellor has committed to improving people’s living standards. This can’t be done by cutting vital social security & public services. Instead she should be investing in the foundations of our economy, repairing the damage done through austerity.

This could be funded by taxation of the very wealthiest people in the country, redistributing resources in a time when wealth inequality is growing'!

#SpringStatement

wbg.org.uk/article/our-immedia

Labour MP Neil Duncan-Jordan, may be starting to wonder if he's in the right party:

'The last minute scramble to claw even more funds from the welfare budget has shattered any illusion of a moral case for cuts... The policy will fuel the social determinants of poverty that ultimately create further pressure on the services the chancellor is trying to cut'!

I wonder how long it will be before a Green MP siddles up to him in the Commons' Bar?

#politics #SpringStatement

h/t FT