CCR Magazine

CSA Top Banner
You are here  :Home arrow News arrow A Marginal Autumn Statement...
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
A Marginal Autumn Statement... PDF Print E-mail
Wednesday, 25 November 2015

George Osborne is right to avoid increasing marginal tax rates on the low paid, so in that sense it is welcome that he’s withdrawn his tax credit plan. The commitment on police spending will also come as a relief to many in the current climate.


However, it’s difficult to see at first glance how these changes will be fiscally neutral. For 2016-17, the Government’s own figures suggest that the net effect of the Autumn Statement will be a loss £2 billion to the Exchequer – although it should be noted that this equates to just 0.25% of Government spending, highlighting that the overall changes in the Autumn Statement are relatively small.

While it is disappointing to see Osborne recommit to ring-fencing, particularly on the triple-lock and international aid, this was to be expected. On a more positive note, Osborne’s emphasis on house-building is welcome. 400,000 additional homes, new planning reforms to boost construction and releasing public land for building could help tackle Britain’s chronic housing problem. The creation of a business led body to improve the quality of apprenticeships may also help plug skill gaps in construction and other skilled industries. Of course, a finer look at the detail is required, but the Government’s initiative on this is a step in the right direction.

Centre for Policy Studies
 
Enghouse Side Banner

CSA side

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

CSA

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197