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    Trading and property tax free allowance of £1k per year.
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    Tax reforms set to raise £9 Bn
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    Large business rate relief changes..

    Small business increased to £!5k allowance, higher rate increased to £51k. Will aid 600,000 firms.
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    So with this cut to business rates, who exactly is going to make up the shortfall to local councils? They've felt the brunt of austerity so far because the Tories were able to sneak by reforms, and local councils would be blamed for the loss in services rather than central government. Councils are already woefully underfunded. This is a despicable, non-sensical measure, and if he seeks to continue making cuts to councils' sources of income, central government will need to start picking up their bills.
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    Commercial stamp duty lowered for most small firms.
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    Petrol tax abolished
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    (Original post by hazzer1998)
    Petrol tax abolished
    Another terrible idea. Petrol tax allows for economic efficiency by internalising social costs.

    This is just mindless populism so far.
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    (Original post by TheDefiniteArticle)
    So with this cut to business rates, who exactly is going to make up the shortfall to local councils? They've felt the brunt of austerity so far because the Tories were able to sneak by reforms, and local councils would be blamed for the loss in services rather than central government. Councils are already woefully underfunded. This is a despicable, non-sensical measure, and if he seeks to continue making cuts to councils' sources of income, central government will need to start picking up their bills.
    Business rates are being devolved and councils are now free to raise council tax. I guess he's expecting them to slap it on the rich homes and big firms.
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    When will the PDF Be published ?
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    (Original post by TheDefiniteArticle)
    Another terrible idea. Petrol tax allows for economic efficiency by internalising social costs.

    This is just mindless populism so far.
    It will be cheaper for drivers through ?
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    (Original post by TheDefiniteArticle)
    Another terrible idea. Petrol tax allows for economic efficiency by internalising social costs.

    This is just mindless populism so far.
    I very much support abolition of the petroleum revenue tax and it's apparently only applied on old fields anyway.
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    2018 toll price halfed
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    (Original post by hazzer1998)
    It will be cheaper for drivers through ?
    And everyone else will suffer.

    "Hey, everyone, let's just kill the poor, it will save money by reducing the in-work welfare bill and be cheaper for taxpayers!"
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    (Original post by TheDefiniteArticle)
    And everyone else will suffer.

    "Hey, everyone, let's just kill the poor, it will save money by reducing the in-work welfare bill and be cheaper for taxpayers!"
    What is your problem with low taxes ?
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    Crminal justice powers for Manchester
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    (Original post by Rakas21)
    Business rates are being devolved and councils are now free to raise council tax. I guess he's expecting them to slap it on the rich homes and big firms.
    While local councils are separately elected, it doesn't work like that. They will inevitably be set on ideological grounds.
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    (Original post by Rakas21)
    Business rates are being devolved and councils are now free to raise council tax. I guess he's expecting them to slap it on the rich homes and big firms.
    He is pushing the responsibility for necessary tax rises onto someone else for cynical, political reasons.
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    Clearing and Applications Advisor
    Confirmed that by 2020 every primary and secondary school will be in the process of being converted into academies.
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    (Original post by The Financier)
    Confirmed that by 2020 every primary and secondary school will be in the process of being converted into academies.
    Not to sure on that one :/
 
 
 
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