With renewed calls for a flat rate tax relief in the wake of the pandemic and ahead of the so-called "mini-budget" on 8 July, Neil MacGillivray probes the government’s proposals and the mess that could ensue for DB schemes…
We are regularly reminded of the increasing cost of the financial assistance being given by the Government and the devastating impact Covid-19 is having on the UK economy and employment. The fall in GDP during March and April alone is estimated to have wiped out 18 years of growth and could lead to an estimated 2.5 million jobs being lost by late summer. In a new report by former Chancellor Sajid Javid and the Centre of Policy Studies, After the Virus - A plan for restoring growth, more than 60 wide-ranging recommendations to re-build the economy are outlined, and in relation to tax, the...
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