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Taxation and Representation
George Osborne’s obsession …… written by Paul Beasley, Co- Founder and Director of biz4Biz and Managing Director of Richmond House Group.
I have written before about the dangers of George Osborne’s obsession with lifting the lower paid out of income tax. A recent analysis by the Institute of Fiscal Studies said that the proportion of working age adults not paying income tax has risen from 34.3% to 43.8%.
Much is made of the pro-business agenda of our current Chancellor and we have seen some headline grabbing international deals signed. But what policies have been aimed at SMEs? A steady economy with low inflation and interest rate stability has given the confidence for business people to invest and grow. This far outweighs any specific tax break or investment incentive. However, we have seen a worrying increase in disincentives for business owners over the past few yearsRead all our blog posts