Treasury Committee Profile picture
Jul 8, 2020 8 tweets 8 min read Read on X
🚨One hour to go until our evidence session on managing the economic recovery from #coronavirus: consumers and infrastructure.

We'll hear from @hamishlow_econ
@nickmacpherson2
and @brosewell.

📺Watch it live at 15:30 here 👇

parliamentlive.tv/Event/Index/65… Image
Our session on managing the economic recovery from #coronavirus is underway.

Witnesses are @hamishlow_econ @nickmacpherson2 and @brosewell.

📺Watch it live here 👇

parliamentlive.tv/Event/Index/65… ImageImageImage
"This Government has yet to take a difficult decision on public spending."

@nickmacpherson2 said that the Govt has "kind of got away with it", talking about the #SummerStatement.

He added that autumn is the sensible time for when HMT should set out its consolidation plan. Image
In response to questions from @hbaldwin, @brosewell told us that a "monster" has been created in the planning process. Image
Responding to questions from @ab4scambs, @nickmacpherson2 said Stamp Duty is a "tax on mobility".

@hamishlow_econ agreed, saying that it reduces labour market flexibility. Image
.@rushanaraali asked which groups have been hit the hardest by the #coronavirus crisis?

@hamishlow_econ said:

- Single mothers
- Bottom and second bottom income quintile
- Ethnic minority groups are more likely to be made unemployed rather than furloughed Image
In response to questions from @angelaeagle, @hamishlow_econ said he disagreed with the Government supporting businesses that may go bust. Instead, "we should focus on supporting people rather than industries." Image
And that's it! You can watch our evidence session on demand here:

parliamentlive.tv/Event/Index/65…

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More from @CommonsTreasury

Jan 25, 2021
⏳One hour to go until the first evidence session of our #EconomicCrime inquiry.

We'll hear from:
✅Graeme Biggar, @NCA_UK
✅Angela McLaren, @CityPolice
✅Patrick Campbell, @policescotland

📺Watch it live here👇

parliamentlive.tv/Event/Index/92… Image
🚨We're underway with the first evidence session of our inquiry into #EconomicCrime.

📺Watch it live here👇

parliamentlive.tv/Event/Index/92… ImageImageImage
Asked about fraud in relation to the Government's #coronavirus support schemes, Graeme Biggar from @NCA_UK tells us that there are "eyewatering" amounts of fraud against the public purse. Image
Read 8 tweets
Dec 16, 2020
⏳One hour to go until our evidence session on business taxes as part of our #TaxAfterCoronavirus inquiry.

We'll hear from:

✅ Tom Clougherty @CPSThinkTank
@alexcobham
✅ Annie Gascoyne @CBItweets
@ChrisSangerEY

📺Watch it live at 14:30 here👇

parliamentlive.tv/Event/Index/66… Image
We're underway with our evidence session on business taxes for our inquiry into #TaxAfterCoronavirus.

📺Watch it live here👇

parliamentlive.tv/Event/Index/66… ImageImageImageImage
How important is corporation tax to businesses when considering where to invest?

@ChrisSangerEY tells us that it's "fifth or sixth on the list".

He added that low rates make the UK attractive to invest in and Govt would be wrong to raise rates if it wants inward investment. Image
Read 8 tweets
Dec 2, 2020
⏳One hour to go until our evidence session with economists on #SpendingReview2020.

We'll hear from:

@jagjit_chadha
@PJTheEconomist
@MSensier
✅ Karen Ward from @JPMorganAM

📺Watch it live at 14:30 here👇

parliamentlive.tv/Event/Index/87…
We're underway with our evidence session with economists on #SpendingReview2020.

📺Watch it live here👇

parliamentlive.tv/Event/Index/87…
Karen Ward tells us that the UK is vulnerable to global interest rate rises.

@MSensier tells us that we need to look at why the UK has had to borrow so much for #coronavirus, which is partly down to not spending enough on preparation for a pandemic.

#spendingreview2020
Read 7 tweets
Oct 20, 2020
⏳One hour to go until our evidence session on #TaxAfterCoronavirus, with a focus on employment taxes.

We'll hear from:

@JudithFreedman
@BillDodwellTax
@dcribb
✅Andrew Titchener
@CBItweets

📺Watch it live from 9.30am here👇

parliamentlive.tv/Event/Index/22… Image
We're underway with our evidence session on #TaxAfterCoronavirus.

📺Watch it live here👇

parliamentlive.tv/Event/Index/22… ImageImageImageImage
Andrew Titchener from @CBItweets tells us that the headline rate of corporation tax is not as important to businesses as reliefs and incentives. Image
Read 7 tweets
Oct 16, 2020
(1/5) The three-person tax problem.

It's possible to work for the same employer and be taxed in different ways depending on whether you're:

1⃣Employed
2⃣Self-employed
3⃣A limited company

Read on to find out more👇
(2/5) These differences arise because of the different ways the tax system deals with different things.

Employees pay income tax and national insurance.
(3/5) The self-employed pay income tax and Class 4 national insurance, which is lower than an employee.
Read 5 tweets
Oct 14, 2020
⏳One hour to go until our evidence session on #decarbonisation and #GreenFinance.

We'll hear from:

✅Saker Nusseibeh @FedHermesIntl
✅Sandra Boss @blackrock
@huwevans71
@stevewaygood

📺Watch it live at 2.30pm here👇

parliamentlive.tv/Event/Index/d0… Image
We're underway with our evidence session on #decarbonisation and #GreenFinance.

📺Watch it live here👇

parliamentlive.tv/Event/Index/d0… ImageImageImageImage
.@stevewaygood from Aviva Investors told us that climate change is the world's biggest market failure. Image
Read 11 tweets

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