George osborne

The debate on the 50p tax rate is moving fast. I was told by one Downing Street source today that ‘it is now more likely than not that it goes in the Budget.’ Now, obviously, there is a big caveat here. The Budget is not yet agreed: this is all subject to change. But I understand that the Chancellor is pushing hard to at least set out the roadmap to its abolition on the 21st March. I also hear that the Prime Minister is nervous about quite how determined Osborne is to do this. Cameron’s worry is that a Budget that tackles the 50p rate will be remembered solely for

In a speech tonight, George Osborne calls on businesses to respond en masse to the government’s consultation on whether to exempt small businesses from unfair dismissal claims. The Chancellor will say: ‘And now we’re beginning a call for evidence on the case for a new compensated no-fault dismissal for our smallest businesses. Plenty of trade unions and others will be submitting their evidence for why we shouldn’t do this. If you think we should, and it will increase employment, then don’t wait for someone else to send in the evidence. Send it in yourself.’ The fact that Osborne is personally throwing his weight behind the Beecroft agenda is striking. It

Try telling George Osborne that ‘tax doesn’t have to be taxing’ — I’m sure he’d laugh at the sentiment. The story this morning is that he has a grand, gritty choice to make ahead of the Budget: to tax income or to tax wealth. The Lib Dems have apparently agreed to relent on the 50p rate, but only if they get a mansion tax on properties worth over £2 million in return. The thinking is that, in the current political environment, the government must always be seen to be hitting the well-off in some way. So, will Osborne accept the offer? He and other Tories will certainly be tempted to

Perhaps, the greatest testament to Steve Hilton’s influence in Downing Street is that everyone chuckles when you ask if anyone will replace him. His role in Number 10 as the senior adviser was one he had carved out for himself so that he could work on what he wanted to. It is deliberately designed not to fit on any ‘org chart’, the kind of document that the post-bureaucratic Hilton has little patience for. Hilton was for years caricatured as being not really right-wing. But, in reality, the opposite is true — he was, in some ways, the most right-wing man in Downing Street. Few matched him on subjects like 50p

Just like fuel duty, George Osborne can’t shake off the fury and discontent over the 50p tax rate. This morning, in a letter to the Telegraph, 537 bosses of small-to-medium-size businesses have called on the Chancellor to drop the rate. ‘The tax, which is in effect a 58p tax after national insurance is taken into account,’ they note, ‘puts wealth creators like us in a very awkward position.’   Usually, it’s easy to be both sceptical and dismissive of these mass-signed letters. They tend to be party political constructs, such that another group of ‘experts’ will soon reply to profess the opposite. But this one is different, and could help

Both the Tory and Lib Dem manifestoes promised to reform the House of Lords, as did the Coalition Agreement, but the gulf in enthusiasm between the two parties is enormous. For many Lib Dems, this is of course — as Nick Clegg put it in December — ‘one boat that urgently needs rocking’. For many Tories, it is something to be ambivalent about, or to oppose. Which is why the politics around the ongoing Lords Reform Bill are likely to be so fraught. James has already written of how there are ‘more than 81 [Conservative] MPs prepared to vote against it.’ But today the Tory Cabinet Office minister Mark Harper