The review will, the Government says, determine if any further steps can be taken to ensure the smooth and successful implementation of the reforms, which are due to come into force in April 2020. As part of this, the review will also assess whether any additional support is needed to ensure that the self-employed, who are not in scope of the rules, are not impacted.
The number one reason most people don’t stick to their new year’s resolutions is that they set unrealistic goals. It’s called the “False Hope Syndrome” where a person’s unrealistic expectations about the likely speed, amount, ease and consequences of changing their behaviour.
The first Budget is often when bad news is delivered, being the furthest from the next election. Given the limited wriggle room Mr Javid has with no income tax/VAT/NICs rates increase pledge, maybe some creativity is required. Pension tax relief is a possibility!
The Conservative Party’s 2019 manifesto is now the starting point for the Government agenda for the next five years. The majority which the Party now has, with many new MPs, will mean a sea change from that of the hand-to-mouth Government of the past two and a half years.
We are experiencing unprecedented uncertainty and tension in the political system around the world as well as with the British elections on the 12 November, which for some will be a scary announcement on Friday 13th. Does all of this, and who sits in Number 10, affect your investment strategy? If it does, do you need to rethink your plans ahead of the election?