Industry News
The Tax Landscape for contractors under Labour
Following the almost predictable outcome of the July General Election, the industry is considering the promises and pledges of the Labour Party and trying to understand what the future might hold. Having made public the true state of the nation’s finances it inherited, the new government immediately responded to the spending pressures in a statement by Labour Chancellor Rachel Reeves in the House of Commons on 29th July.
Contained within it were proposed cancellations of infrastructure spend and an immediate cost cutting review amongst all government departments together with plans to strengthen the fiscal framework to avoid future unexpected ‘black holes’ in the UK government’s tax and spend policies.
Tue 6th Aug, 2024 | Alison Roberts
