Visitors Now:
Total Visits:
Total Stories:
Profile image
By David Nuttall M.P.
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Steady ahead

Thursday, November 24, 2016 2:22
% of readers think this story is Fact. Add your two cents.

(Before It's News)

As always there is much scrutiny after every budget and indeed after every autumn statement. Everyone trying to second guess the forecasts that have been made and putting their own spin on things.

Overall very little changes as a result of the autumn statement. In essence the government are going to be borrowing more money (around £23 billion) to spend on capital projects – infrastructure – through a new National Productivity Investment Fund. This will of course add to the mountain of debt and consequently increase interest payments.

On day-to-day spending there were some changes which have made the headlines such as reducing the taper rate for those on Universal Credit meaning working families will keep more of what they earn as their earnings increase. The big earner for the government on the income side is the increase from 10% to 12% in Insurance Premium Tax.

It still imperative the nation lives within its means and that means the government continuing to control public spending and protect the tax base i.e. Ensure everyone pays what they should. There were yet more measures announced yesterday to help in the constant battle between taxpayer and tax collector.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.