NewsBot
04-Oct-22, 13:40
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Institute for Fiscal Studies Response To U-turn On Plan To Cut 45p Income Tax Rate
"The Chancellor still has a lot of work to do if he is to display a credible commitment to fiscal sustainability." IFS Director Paul Johnson said: "The direct impact of the government's U-turn on the abolition of the additional 45p rate of income tax is of limited fiscal significance. At a medium-run cost of around £2 billion a year, it represented only a small fraction of the Chancellor's mini-Budget announcements. [Read Full Article (https://caithness-business.co.uk/article/17886)]
Institute for Fiscal Studies Response To U-turn On Plan To Cut 45p Income Tax Rate
"The Chancellor still has a lot of work to do if he is to display a credible commitment to fiscal sustainability." IFS Director Paul Johnson said: "The direct impact of the government's U-turn on the abolition of the additional 45p rate of income tax is of limited fiscal significance. At a medium-run cost of around £2 billion a year, it represented only a small fraction of the Chancellor's mini-Budget announcements. [Read Full Article (https://caithness-business.co.uk/article/17886)]