Chancellor grilled on winter fuel payment axe

Rachel Reeves was under attack from MPs in the House of Commons today about removal of the pensioners’ winter fuel payments, as well as confirming a business tax roadmap

Although questions on the Budget inevitably came up for Reeves at Treasury questions, she reminded MPs that ‘tax announcements will be made in the Budget on the 30 October alongside an independent forecast from the Office for Budget Responsibility’.

Private sector investment and growth was brought up by a number of MPs and the Chancellor committed to the current rate of 25% corporation tax for the duration of the parliament.

She also confirmed that at the Budget ‘the government will be outlining a tax roadmap for business to offer the certainty that encourages investment and gives business the confidence to grow’.

Reeves once again attacked the Conservative government’s handling of the economy, repeatedly mentioning the ‘£22bn’ black hole in public finances Labour had inherited.

Chri

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe