![]() But UK consumers, the self-employed and small businesses need help now. The NI reversal starts in November, and the tax cuts and non-increases don’t take effect until the next financial year, in April 2023. Delayed tax cutsĪlthough lower National Insurance (NI) and taxes are good, as are the reversal of the IR35 rules for self-employed people and the increase in entrepreneurs’ allowances, they are not happening soon enough. ![]() The Chancellor managed to miss some easy wins to help the UK out of recession. More wind turbines will not solve the problem of inconsistent wind. Today wind is providing only 8.7% of electric demand while gas is providing 62.8%. Yesterday the statistics were the reverse. They are also increasing the number of wind turbines but last month wind provided 24% of UK electricity demand while gas provided 51.3%. This is the type of supply side economic reform we have been waiting to see. The Government is providing £40 billion to help with energy market liquidity, issuing 100 new oil and gas licences in the North Sea as well as ending the moratorium on fracking.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |