Jeremy Hunt has warned that he will not be able to lower the overall tax burden because of the tight public finances Jeremy Hunt is planning to unveil a string of reforms to encourage investors to put more money into British companies as a way of makinghas already warned that he will not be able to lower the overall tax burden because of the tight public finances.
Potential options for the statement include new incentives to pool smaller pensions funds so they can invest in higher-return projects without unsustainably increasing their levels of risk, and a new model of stock investment that would allow start-ups to attract investment without having to list on the stock exchange.
Nick King, a former government adviser who is now managing director of Henham Strategy, said: “They don’t have much fiscal firepower to bring to proceedings, so they are trying to pull other levers instead.”But Robert Salter of accountancy firm Blick Rothenberg warned: “They have got this idea in their heads that there is this magic pot of money but I don’t think they have thought this through.
Official data on the public finances published on Friday showed that the Government is borrowing £20bn less than expected due to bumper tax revenues.
Source: News Formal (newsformal.com)
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