National Insurance threshold raised by £3k
The National Insurance threshold has been lifted by £3,000 to equalise it with income tax, the chancellor announced in the spring statement today (March 23). Earlier this month, the Centre for Policy Studies called on the government to raise the threshold to mitigate the impact from the planned tax hike on the poorest households. It said… View Article
Govt urged to raise NI threshold to soften tax blow
The Centre for Policy Studies has called on the government to raise the employee threshold for paying National Insurance to mitigate the impact from the planned tax hike on the poorest households. The think tank said raising the employee threshold to £11,284, instead of the planned £9,880, would shield those on average and lower incomes from… View Article
Chancellor considering plans to wipe out National Insurance rise for lowest paid workers
Rishi Sunak is considering plans to wipe out the National Insurance (NI) tax rise for lower paid workers. The Chancellor could ease the pressure of the 1.25 per cent NI hike by raising the thresholds at which people start to pay the tax. Depending on where he sets the threshold, it could allow him to declare… View Article
Shield exports from tax to boost Global Britain and small business
Shielding spending on ramping up exports from taxes will unlock a well of economic growth by boosting engagement with trade among Britain’s small businesses, a new report recommends today. Allowing firms to cut their tax bills by offsetting investment in exports would strengthen incentives for small firms to participate in trade, according to the Centre… View Article
PM gets on with delivering bold Brexit benefits as he announces new bill to fuel economy
Other changes, including digitising trade documents, are proposed to save billions of pounds for firms. But Robert Colvile, director of the Centre for Policy Studies, has called for more detail, saying: “The £1 billion target for cutting post-Brexit regulation is headline-grabbing but relatively unambitious”. “We need more detail on what will replace the current system… View Article
Government should avoid NI rise during cost of living crisis, experts warn
The Government should not be raising national insurance during the cost of living crisis, economists have told MPs Giving evidence to the Treasury Select Committee, Tom Clougherty, from the Centre for Policy Studies, said it was “extremely perverse” to raise the tax currently and it should be delayed. He also said he did not believe that the… View Article
Counting the huge cost of net zero – and who’s going to pay it
“I think there’s kind of a lot of MPs who are absolutely signed up for tackling climate change,” says Eamonn Ives, Head of Energy and Environment at the Centre for Policy Studies, a free-market think tank. “But they need to be kept on board.” Read more in The Telegraph here.
UK joining CPTPP won’t hurt environment or workers’ rights, says think tank report
The UK’s ascension to the 11-country Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc will not lead to worse environmental standards or a diminishment of workers’ rights, according to a new think tank report. The Thatcherite Centre for Policy Studies think tank found new trade activity coming from joining the bloc would only… View Article
Carbon border tax would reduce emissions and boost UK economy, think tank says
According to the Centre for Policy Studies – a right-wing think tank which focuses on free market policies – a carbon border tax on energy intensive imports would see importers from outside of the UK “put on a level playing field with British businesses”, they say this would help support the economies in many of the same… View Article
International Trade Secretary rejects Little Britain taunts from `doom-mongers´
The International Trade Secretary has defended the UK’s trade strategy against “naysayers” and “doom-mongers”, arguing “we are not Little Britain and we never were”. Speaking at the Margaret Thatcher Conference on Trade, Anne-Marie Trevelyan said the country could now “write a new chapter” in its “proud trading history” as it is no longer “waiting on… View Article
Universities should settle unpaid loans of students who take ‘Mickey Mouse’ degrees
Universities should pick up the bill for unpaid loans of students who take “Mickey Mouse” degrees, a think tank has said.
Rishi’s Tax Hikes See UK Fall to Bottom Quartile of OECD’s International Tax Competitiveness Index
Sunak’s corporation tax hike would see the UK’s international tax competitiveness slip from 11th to 30th out of 37 OECD nations, a report from the Centre for Policy Studies (CPS) warns. The report argues that the UK’s outdated business rates system, its planned corporation tax hike from 19% to 25% and the recent national insurance… View Article
Sunak’s tax raids push Britain further behind Germany and US
Britain is set to fall further behind Germany in the competitiveness of its tax system as a string of Treasury raids risk making it an increasingly unappealing business destination, a leading Tory think tank has warned.
Celebrate a Union that grows stronger every day, says Michael Gove
Gove’s comments were made in Strength in Union, which was compiled by Andrew Bowie, the West Aberdeenshire & Kincardine MP, and the Centre for Policy Studies, the centre-right think tank. It includes essays from Theresa May, the former prime minister, each of the secretaries of state for Scotland, Wales and Northern Ireland and Lord Hague… View Article
Pilot scheme to link up NHS and social care is increasing delays
Billed as the future of health and social care in England, the new regional Integrated Care Systems (ICSs) are intended in part to prevent such waits. Analysis of official figures by the Centre for Policy Studies (CPS) also found an “alarming” rise in emergency readmissions in ICS pilot areas.
National Insurance bombshell as new big-budget social care plan not working, report says
The findings by the Centre for Policy Studies (CPS) think tank have come as a row has exploded over plans to pay for the reforms with a hike in National Insurance Contributions (NICs) of between 1 and 2 percent.
