• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Bedfordshire
  • Milton Keynes
  • Northamptonshire
  • Awards
  • Knowledge Hub
  • Contact Us
  • About Us
    • Sustainability
    • The Podcast
    • ATB TV
All Things Business

All Things Business

First For Local UK Business News

  • Education
  • Professional Services
    • Legal
    • Finance
    • Recruitment & HR
    • Creative Marketing
  • Property
  • Environment
    • Wellbeing
  • Industry
    • Industry
    • Manufacturing
    • Motors
    • Logistics
    • Technology
  • Events
    • Events
    • Food & Drink
    • Sport
  • News

Chancellor’s claims of cuts in personal taxes don’t live up to their billing – MHA

News | March 23, 2022

Following today’s Spring Statement (23 March), Nigel Morris, employment tax director at MHA, says the Chancellor’s claims of big cuts in personal taxation don’t live up to their billing:

“The Chancellor’s reluctance to provide much needed financial support for consumers demonstrates an unsettling move away from his previous stance of fulsome aid for struggling households. Although low income households will welcome today’s temporary cut in fuel duty and the increase in the national insurance (NI) threshold, in reality these measures fall far short of the financial support the Chancellor should have introduced.

“For example the 5p cut to fuel duty is already funded by increased VAT on higher raw material prices. The rise of the NI threshold from July to £12,570 is perhaps higher than anticipated, but a delay until July will mean the new Health and Social Care levy will bite first. Thirty year-high inflation levels and soaring energy prices also mean raising the threshold will fail to compensate for how much people across the country are worse off than they were before this year began.

“What’s more, there should be enough in the UK government’s coffers to go much further with its financial support, at the very least delaying the introduction of the Health and Social Care Levy until the end of 2022.”

Nigel Morris
Nigel Morris Employment Tax Director – MHA

Milton Keynes, Northamptonshire

Related stories

  • MK Gateway Milton Keynes
    May 10, 2022

    Taking centre stage at real estate forum

    On 17-19 May, the Socius team will join over 4,000 attendees in Leeds for the annual UKREiiF event, which connects people, places…
  • Northampton High Northamptonshire
    May 9, 2022

    New Head for Junior School at Northampton High School

    Emily Hair, new Head of Northampton High’s Junior School and Nursery, brings broad primary and Early Years experience, most recently in post…
  • Hospital invests in campaign to attract healthcare talent Milton Keynes
    May 9, 2022

    Hospital invests in campaign to attract healthcare talent

    Milton Keynes University Hospital (MKUH) is set to kickstart an ambitious new project to attract the best talent healthcare has to offer…

Primary Sidebar

Stay up to date on All Things Business

Subscribe to our monthly newsletter to receive the latest business news.

Online Edition

Northamptonshire edition, click here
Milton Keynes edition, click here
Bedfordshire edition, click here

Most Read

  • MHA MacIntyre Hudson New Partners join MHA MacIntyre Hudson central region team
  • beyond theory Look after your people and they will take care of your business
  • Howes Percival How to win friends and influence customers
  • actor, comedian and TV presenter, Paddy McGuinness. Comedy star announced as awards presenter
  • The Falcon Hotel takes flight in a whole new direction

Footer

REGIONS

Northamptonshire
Milton Keynes
Bedfordshire
 

COMPANY

About Us
Contact
Awards
Podcast
Knowledge Hub
Sustainability
Request A Copy

Northamptonshire Office

1 Queensbridge, Northampton
NN4 7BF
Tel: 01604 267677

Milton Keynes and Bedfordshire Office

The Pinnacle, 170 Midsummer Boulevard, Milton Keynes,
MK9 1BP
Tel: 01908 030688

London Office

25 Bedford Square
London
WC1B 3HH
Tel: 0208 1760176

Follow us on

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

All Things Business is a publication produced by All Things Management Ltd. Registered in England No. 9590677


Privacy Policy