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15 March 2023
Issue: 8017 / Categories: Legal News , Tax , Employment
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Hunt’s ‘back to work’ Budget

A corporation tax hike from 19% to 25% for businesses making profits of more than £250,000, and changes to pensions, childcare and disability benefits were some of the headline figures of the Chancellor, Jeremy Hunt’s Budget

Hunt’s ‘back to work’ budget promised up to 30 hours per week of childcare for every child from the age of nine months (currently only three and four-year-olds get nursery hours). He abolished the lifetime allowance for pensions and raised the annual allowance from £40,000 to £60,000.

He plans to abolish the work capability assessment, separate benefits entitlement from an individual’s ability to work and set up a universal support scheme to help disabled people into work.

Hunt announced some tax relief measures—full capital expensing for at least the next three years so business investment in IT, plant or machinery is fully tax deductable straight away. He announced a two-year extension to the Climate Change Agreement to give eligible businesses £60m of tax relief for energy efficiency measures.

However, there was no increase in the budget for the justice system.

Law Society president Lubna Shuja said: ‘The Chancellor can find £63m to invest in swimming pools but not our crumbling justice system.

‘It would only take £30m to bridge the gap between current government proposals and independent recommendations to increase solicitor’s criminal legal aid fees by 15%. Backlogs in every court means that for tens of thousands of people justice is delayed. Our courts are falling apart and there is a dire shortage of judges and court staff.

‘Departmental spending continues to rise lower than the level of inflation, further squeezing the Ministry of Justice’s already limited resources and increasing pressure on our justice system.’

Issue: 8017 / Categories: Legal News , Tax , Employment
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MOVERS & SHAKERS

Arc Pensions Law—Matthew Swynnerton

Arc Pensions Law—Matthew Swynnerton

Chair of the Association of Pension Lawyers joins as partner

Ampa Group—Kamal Chauhan

Ampa Group—Kamal Chauhan

Group names Shakespeare Martineau partner head of Sheffield office

Blake Morgan—four promotions

Blake Morgan—four promotions

Four legal directors promoted to partner across UK offices

NEWS

The abolition of assured shorthold tenancies and section 21 evictions marks the beginning of a ‘brave new world’ for England’s rental sector, writes Daniel Bacon of Seddons GSC

Stephen Gold’s latest Civil Way column rounds up a flurry of procedural and regulatory changes reshaping housing, alternative dispute resolution (ADR) and personal injury litigation
Patients are being systematically failed by an NHS complaints regime that is opaque, poorly enforced and often stacked against them, argues Charles Davey of The Barrister Group
A wealthy Russian divorce battle has produced a sharp warning about trying to challenge foreign nuptial agreements in the wrong English court. Writing in NLJ this week, Vanessa Friend and Robert Jackson of Hodge Jones & Allen examine Timokhin v Timokhina, where the High Court enforced Russian judgments arising from a prenuptial agreement despite arguments based on the landmark Radmacher decision
An obscure Victorian tort may be heading for an unexpected revival after a significant Privy Council ruling that could reshape liability for dangerous escapes, according to Richard Buckley, barrister and emeritus professor of law at the University of Reading
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