The Treasury has been locked in battle with a number of departments, with ministers quietly frustrated about the total dominance that No 11 has over the Government HugoGye, ChaplainChloe, RichardVaughan1 and singharj report:
The Chancellor is still being furiously lobbied by MPs, businesses and interest groups; but insiders say they are wasting their breath, given that all the biggest measures in thewere more or less done over a week ago, when the Treasury submitted a near-final draft to the Office for Budget Responsibility so its forecasters can rule on the future path of the public finances.
Instead, Mr Hunt’s strategy will urge patience – holding out the hope of tax cuts before the next election, perhaps as soon as this year, if borrowing does not increase and the economy does not undergo too brutal a recession. “I think they are going to leave themselves space to announce tax cuts in the Autumn Statement if things improve, to satisfy the economically illiterate wing of the party,” a Conservative veteran said.
Ms Truss’s plans for a series of “investment zones” will be resurrected, albeit in a significantly stripped-back form with most of the tax breaks previously attached to the scheme ditched. “They wanted little mini-Liechtensteins dotted through the land until the whole country became one,” a Treasury source said, describing the idea as “Singapore-on-Thames through the back door”.
Government insiders were acutely aware that economic inactivity and workforce issues would be one of the dominating issues of the first quarter of 2023 and that Mr Stride would be leading on this. But a promised speech has yet materialised and there is no current plan for the workforce review to be published separately, with all the key aspects being swallowed up into the Budget instead.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Telford mum sets up recycling drop-off in front gardenLiz Pinfield-Wells is recycling items that are not included in council collections.
Weiterlesen »
Telford mum sets up recycling drop-off in front gardenLiz Pinfield-Wells has set up the drop-off point in Dawley for stuff the council doesn't collect Read more:
Weiterlesen »
More than 2,500 pets rescued by UK government from war in UkraineThe UK government has helped rescue more than 2,500 pets from the war in Ukraine and rehome them in this country, it has emerged The “much-loved” animals belong to Ukrainian refugees fleeing the Russian invasion over the past year janemerrick23 reports
Weiterlesen »
Send huge Forest of Bowland water tunnel plan to government, says MPRibble Valley MP Nigel Evans says the Haweswater Aqueduct programme planning application should be called-in by a secretary of state to make a decision
Weiterlesen »
Government expected to confirm HS2 delays to cut costs – reportThe BBC said it understands this will primarily affect the high-speed railway between Birmingham and Crewe, and between Crewe and Manchester.
Weiterlesen »