Speaking at the Centre for Policy Studies think tank, Ms Truss announced a new equalities data project, to report next summer
Speaking at the Centre for Policy Studies think tank, Ms Truss announced a new equalities data project, to report next summer, that will amass information on life outcomes to work out where the most disadvantaged are based. Read more in The Telegraph here.
A three-year freeze could save the Exchequer up to £23 billion, says think tank
The Centre for Policy Studies think-tank has estimated a three-year freeze could save the Exchequer up to £23 billion. Read more in The Telegraph here.
Abolishing stamp duty, scrapping 45p income tax would boost economic growth, says report
The Centre for Policy Studies claims the UK would rise from 22nd to 9th in the International Tax Competitiveness Index. Read more in The Telegraph here.
Rishi Sunak urged to replace ‘unfair’ Triple Lock as amount rises
The Centre for Policy Studies (CPS) has said the Triple Lock is creating a strain on the public purse, and that instead an alternative approach should be considered. It comes as the think tank released its nine-point plan for helping the Treasury save money as Britain recovers from the financial impact of the pandemic. Read more… View Article
Scrap pensions triple lock to help save UK finances, says influential thinktank
A right-of-centre thinktank with close links to Downing Street has called for the pensions triple lock to be scrapped, the aid budget to be cut and child benefit further limited as part of £30bn worth of spending cuts designed to spare the UK from post Covid-19 tax increases. You can read more here.
UK’s tax regime trails rival countries
Britain is in the bottom half of a league of developed nations for tax competitiveness. Research by the Tax Foundation has found that the UK ranks 22nd for offering competitive rates in the Organisation for Economic Co-operation and Development, a club of 36 advanced nations. Read more here.
Top think-tank warns Rishi Sunak to avoid ‘act of self-sabotage’ in bid to repair battered public finances
Increasing taxes to pay for the Covid crisis would be ‘an act of self-sabotage’ which would derail Britain’s economic recovery, Rishi Sunak was warned last night. The Chancellor has repeatedly signalled that tax rises will be needed to repair the battered public finances. Read more here.
MPs try to ban ‘harmful’ words from the Internet in a new free speech row as critics argue new laws will ‘seriously threaten freedom and democracy’
New laws to ban ‘harmful’ words from the internet are unworkable and will ‘stifle’ freedom of speech, an influential report has found. Ministers’ plans to force blanket regulation on online companies and websites to protect people will not work, according to a new report by think-tank the Centre for Policy Studies. Read more here.
Social care ‘should be transformed into pension-style system’, says report
The social care system should be reformed so people pay for what they want while the state covers what they need, according to a new report. The Centre for Policy Studies (CPS) think tank said a system where the state guarantees a reasonable level of care and accommodation, with individuals encouraged to top up their provision beyond that… View Article
Demolish the old high street to rebuild the new
Even before the pandemic, the health of our high streets was in decline. Town centres were pockmarked by empty shops. Restaurant chains were finding it hard to stay afloat. Online shopping was attracting an ever greater share of consumer spending. But coronavirus has turned a trend into a fact. Years of behavioural change have been compressed… View Article
Global Britain urged to open doors for developing world
In a new report, James Sproule calls on Mr Johnson to allow a new generation of start-ups to operate within UK company law from abroad – beginning with Commonwealth countries such as Nigeria, Uganda and Zambia. The report, published by the Centre for Policy Studies think tank, says the move would help entrepreneurs in developing countries… View Article
Boris must accept that the people do not want to bail out inner-city London
Nobody yet knows how different the Britain that emerges from the coronavirus crisis will end up being. Yet it is clear that most people who can work from home do not want to return to five days working in cramped city centre offices and long, stressful commutes. Jethro Elsden writes for the Sunday Telegraph.
Cut National Insurance and VAT to get the economy back on its feet, says former chancellor Sajid Javid
Former chancellor Sajid Javid heaped pressure on successor Rishi Sunak to cut taxes to help Britain recover from coronavirus today as he called for reductions in National Insurance and VAT. Mr Javid, who quit in February after a bruising clash with Boris Johnson and his aide Dominic Cummings, called for a ‘significant temporary’ reduction in NI to make it cheaper for employers… View Article
Will hydrogen fuel the UK’s net-zero coronavirus comeback?
As the UK begins to take its first cautious steps out of the lockdown that has precipitated the worst economic crisis in modern history, thoughts have inevitably begun to turn to the question of what comes next. For some, the devastation wreaked by the coronavirus pandemic gives the UK a chance to fundamentally reset its… View Article
Builders need £3bn Help to Build scheme to save Britain’s housing market, think tank warns
Housebuilders should be given up to £3bn in short-term grants to prevent a collapse in the supply of new homes, according to a new report. Centre for Policies Studies, a think tank, has called for the urgent stimulus to protect the sector from a lasting impact due to the coronavirus outbreak. It has proposed a… View Article
The business bailout scheme should avoid moral hazard and protect taxpayers
To say this would be a novel approach for the Treasury would be an understatement. But this would hardly be the first break with orthodox Treasury thinking that we’ve seen in recent months – the millions of people currently being paid by the state via the furlough scheme provides an all too obvious example of… View Article
