Mr Hunt explained that the government was focussed on five areas: reducing the national debt; cutting tax and rewarding hard work; backing British business; building domestic and sustainable energy and delivering world-class education.
On 6th June the Tackling Non-Compliance in the Umbrella Company Market consultation was released. The deadline for responding is Tuesday 29th August 2023. If you haven’t done so already and want to have your say, now is the time to act.
Following the Good Work Plan of 2018, which introduced a commitment by the government to regulate umbrella companies, a call for evidence in 2022 gathered the opinions of over 400 contractors, representatives and stakeholders within the umbrella company market. As expected, the evidence gathered supported the rationale for state enforcement.
Today, the new Chancellor of the Exchequer, Jeremy Hunt, delivered his much-anticipated Autumn Statement. He set out Rishi Sunak’s Government’s plans aimed at restoring stability and credibility to the UK’s finances which had taken such a knock under the previous, short-lived administration of Liz Truss.
The new Chancellor Jeremy Hunt has reversed virtually all the tax measures (that were not already previously reversed) from Kwasi Kwarteng’s mini-budget, in a statement made on on Tuesday 17th October. The only exception being the national insurance and stamp duty cuts and even these appear to be proceeding on the basis they are too far progressed through the Parliamentary process to reverse.