Politics

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Tax | Hammond abandons plan for budget surplus in 2020

Philip Hammond has used his first speech to the Conservative party conference as Chancellor to break with his predecessor’s commitment to balance the budget by 2020, and has also made no mention of plans to reduce corporation tax rates any further than previously planned

Tax | Call for Chancellor to review approach to tax policy

Ahead of Philip Hammond’s first speech as Chancellor to the Conservative party conference later today, CIOT, the Institute for Fiscal Studies (IFS) and the Institute for Government (IfG) are urging him to make immediate changes to the way tax policy is made, saying it remains ‘hard to discern a clear strategy for key parts of the tax system’

Tax | MEPs refuse to cut EU budget for 2017

The European parliament has rejected plans to cut the draft 2017 EU budget. The budget committee voted in favour of a proposed budget amounting to €161.8bn in commitments, €4.13bn more than the original Commission proposal, saying the EU needed to increase funding to fight youth unemployment and increased spending on research and infrastructure projects
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