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Budget leaks

Just blatant headline grabbing?

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We already know that the furlough scheme is going to be extended, even though it won't be officially announced until later today.

These leaks beforehand just really bug me. Their sole purpose seems to be to trumpet some popular announcement that is going to be made to garner positive press. Those of us in the industry know that the devil is in the detail. I would not be surprised if this extension came with a whole new set of rules that will passed out piecemeal over the next few months so we have another round of explaining to clients we don't know how it will work yet. 

At the same time, I am sure that there will be nasties slipped in that the government is hoped will pass under the radar if they can get people to focus on the "look how good we are" stuff leaked beforehand.

Cynical? Me?

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By ireallyshouldknowthisbut
03rd Mar 2021 09:30

The fact they wont be released the main details until the end of March is entirely cynical given its those documents which usually contain all the actual facts as opposed to the speech which is 95% spin and bobbins.

Ministers clearly got fed up with all that detail being mined by the following day so have kicked it down the road for 3 weeks.

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By johnt27
03rd Mar 2021 10:15

It seems to be the SOP of the current government - leak things to the press, gauge the reaction and pull anything that receives a negative response on the basis that it wasn't really policy in the first place.

The upshot is that you no longer need to watch the drudgery of the budget announcement and the political pantomime that follows.

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By Duggimon
03rd Mar 2021 11:09

Trumpet the "good" stuff up front so the measures made to pay for said good stuff have to be accepted.

Anyone else predicting 12% Class 4 NIC this time? I fondly remember the last time it came up when they trailed it before a budget then had to axe it.

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Replying to Duggimon:
By SteveHa
03rd Mar 2021 12:23

After last time I'm not so sure they will be too keen on re-visiting this just yet, especially with SEISS continuing. I suspect the 12% NIC will be March 2023. Still 14 months from a GE then.

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Replying to SteveHa:
By Duggimon
03rd Mar 2021 13:42

And you were correct. A thoroughly uneventful budget really.

Super deductions sound quite sexy though, but I expect it's just extra capital allowances, which are not sexy.

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Replying to Duggimon:
Psycho
By Wilson Philips
03rd Mar 2021 14:02

Time to get my calculator back out - associated companies and marginal rates of CT. Yippee.

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