George Osborne is due to give his emergency budget on June 22nd and it seems everybody wants to give him advice! Any measure introduced could affect umbrella companies.
The CBI is urging the chancellor not to introduce damaging tax rises. John Cridland, the CBI’s deputy director general pointed out that although we must bring the fiscal deficit under control quickly, it should not be done in such a way as to jeopardise economic growth.
He called on the government to radically re-engineer public services as a means of avoiding tax rises.
The CBI also wants Osborne to bring the top tax rate back down to 40% (it currently stands at 50%) and ensure that investors, including freelancers, are not hurt by changes to CGT.
The unions condemned these ideas and the TUC General Secretary. Brendan Barber, voiced his amazement that the CBI had also suggested that the public sector should bear the brunt of the cuts rather than corporate taxpayers.
He went on to point out that it was the poor who would suffer as they are more likely to use public services.
The CIoT, has also been making their voice heard in the run up to the budget. They are calling on Osborne to review the way that the UK’s tax laws are made.
No doubt we will hear suggestions from many more organisations in the next 8 days. But will they fall on deaf ears? Only time will tell.
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Image: Pollution, learn to live with it. by jean penders
