header-logo header-logo

15 March 2023
Issue: 8017 / Categories: Legal News , Tax , Employment
printer mail-detail

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
printer mail-details

MOVERS & SHAKERS

Winckworth Sherwood—David Fendt

Winckworth Sherwood—David Fendt

Restructuring and insolvency practice strengthened by partner hire

Gateley Legal—Billy Poulter & Shay Moore

Gateley Legal—Billy Poulter & Shay Moore

North West residential development team welcomes partner and associate

Burgess Mee—Victoria Sterritt

Burgess Mee—Victoria Sterritt

Family law boutique expands London team with legal director hire

NEWS
Some employment law controversies never disappear—they merely lie dormant
Artificial intelligence (AI) is transforming legal practice, but its successful adoption depends as much on culture as technology
The fallout from Lord Mandelson’s appointment and dismissal as UK ambassador to Washington raises profound questions about constitutional governance, accountability and political appointments
Pastries may be in the firing line while kebabs escape scrutiny, but the reality is far more nuanced
The Supreme Court’s decision in Dillon highlights a central tension in modern public law: rights may be recognised without being fully realised
back-to-top-scroll