Why Is Hammond Trying to Strangle The Golden Goose?

You’d have thought that as he prepares to lead the UK economy through Brexit, the
Chancellor would be supporting its most productive sectors. Instead, Hammond seems to have it in for the growing and dynamic self-employed sector.

He actually seems hell bent on strangling this golden goose that lays a £255bn golden egg for the economy each year! In fact, since he first set foot in 11 Downing Street, the supposedly pro-business Chancellor has been waging a war on the self-employed. Since last year he has:

  • Tried to increase Class 4 National Insurance for all self-employed people – then
    was forced to make an embarrassing u-turn on it;
  • Increased the burden of dividend taxes at the first chance he got, hitting thousands of small businesses working through a limited company;
  • Introduced disastrous changes to IR35 tax laws for freelancers in the public sector;
  • Delayed scrapping Class 2 National Insurance contributions, costing every self-
    employed person £150;
  • Pushed ahead with Universal Credit, despite it having devastating effects on self-employed people who are just starting out or on fluctuating incomes.

And now it looks like heavy-handed Hammond is at it again. On Wednesday he is expected to announce another attack on freelancers: the extension of the disastrous changes to IR35 into the private sector. Many MPs with small majorities will already have received warnings from their constituents – will the Chancellor get the message too?

It’s not just professional freelancers Hammond has got it in for either! There are also reports he’s planning to lower the VAT threshold, which would hit hundreds of thousands of the UK’s smallest businesses, even hobbyists selling through the likes of Ebay.

It’s already been said that rather than supporting the self-employed sector, he’s stifling it. Well, now it looks like he plans to strangle it with reams of red tape too! When will the Chancellor see sense and call off this destructive war on the self-employed?

Content produced and sponsored by IPSE




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Former public schoolboy Chuka Umunna told the  ‘Exit From Brexit Dinner’…

“Remainians, Remoaners, I don’t care what the label is, I’m proud. It’s fashionable to label everyone in this room as the liberal metropolitan elite . . . This caricature is promoted by a bunch of former public schoolboys!” 

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Labour Peddle More Animal Sentience Fake News Labour Peddle More Animal Sentience Fake News
Corbyn Launches Labour Muslim Group Headed By “Israel Has No Right to Exist” Activist Corbyn Launches Labour Muslim Group Headed By “Israel Has No Right to Exist” Activist
Clive Lewis Investigation Dropped Clive Lewis Investigation Dropped
Tories Take Poll Lead Tories Take Poll Lead
Cult of Corbyn – Christmas Edition Cult of Corbyn – Christmas Edition
McDonnell’s Socialism (With Diagram) McDonnell’s Socialism (With Diagram)
Labour’s “Easy Movement” Muddle Labour’s “Easy Movement” Muddle
UK Number One Developed Economy For New Business UK Number One Developed Economy For New Business
Guardian and BBC Fail to Mention Kerslake is Labour Adviser Guardian and BBC Fail to Mention Kerslake is Labour Adviser
Max Clifford Dead Max Clifford Dead
Sunday Show Highlights Sunday Show Highlights
Labour Candidate’s $3000-a-Bottle Champagne Labour Candidate’s $3000-a-Bottle Champagne
Khan Gets Brexit-Bashing Corbynistas To Write His ‘Independent’ Impact Papers Khan Gets Brexit-Bashing Corbynistas To Write His ‘Independent’ Impact Papers
BuzzFeed Redundancies Doubled BuzzFeed Redundancies Doubled
WATCH: Barnier Shuts Down Remainers’ Single Market Fantasy WATCH: Barnier Shuts Down Remainers’ Single Market Fantasy
Brexit Bill £35-39 Billion: What the Papers Said Brexit Bill £35-39 Billion: What the Papers Said
Senior Brexiteers Back Deal Senior Brexiteers Back Deal
Mail’s Epic Guardian Burn Mail’s Epic Guardian Burn
Deal Done: Read in Full Deal Done: Read in Full
Watch: Moment May and Juncker Announce Deal Watch: Moment May and Juncker Announce Deal