We have 117 days till UK’s transition period with EU ends - but still no sight of the Conservatives ‘oven ready deal‘. Despite ramping up their bluster on negotiations this morning, they have lots to do to ensure we're ready. Here's the start of their to-do list for next week ⬇️
1. Border plans are far from ready, with the logistics sector issuing grave warnings that vital IT systems are still not in place. We need ministers to listen and take action now to prevent border chaos. bloomberg.com/news/articles/…
2. Last minute lorry parks: the govt has plans to build these across the UK - but won’t say where & won’t engage with local communities. Given the shambles so far, we need to see their plans to avoid disruption to residents, commuters, businesses & ports. bloomberg.com/news/articles/…
3. Listening to people in industry: The clearest thing from this week is the lack of willingness from ministers to listen to people who know their industry best. The government must act now to avoid mistakes which will cause havoc and even cost people their livelihoods.
4. Rethinking Tony Abbott: I meet with so many inspiring women & men in business who would make terrific trade envoys for everything our country makes & sells. And then I look at what Tony Abbott represents. The UK deserves so much better than this appointment - and this govt.
Today, we heard Ministers talk of a "week of reckoning" on the Tories' Brexit deal. Let's see what the new week brings, and if they can deliver what they promised the public. They must take their head out of the sand now to avoid a double winter crisis. businessinsider.com/brexit-labour-…
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The Prime Minister’s radio interviews this morning have made the disastrous situation our economy faces even worse.
Her failure to answer questions about what will happen with people’s pensions and mortgages will leave families across the country facing huge worry. 1/4
It is disgraceful that the family finances of people across the country are being put on the line simply so the Government can give huge unfunded tax cuts to those earning hundreds of thousands of pounds a year. 2/4
This is a serious situation made in Downing Street and is the direct result of the Conservative Government's reckless actions. 3/4
How does this deeply unfair loophole work at the moment?
Firstly, the same rules have applied since 1987, despite huge economic changes.
Since then, the income fund managers receive in carried interest has been taxed at the rate of Capital Gains Tax, rather than Income Tax.
That means an additional rate taxpayer (someone earning over £150,000) is paying 28% on carried interest - rather than 45% if it was treated as regular income.
The supply chain crisis is the result of the Tories' Brexit deal and their failure to plan - together with the neglect of vital jobs and ministers' refusal to listen to those working in industry. 1/8 theguardian.com/politics/2021/…
HGV drivers are some of the many overlooked and undervalued workers who are vital to keep our economy moving. @RHANews estimate it could take up to 18 months to tackle the shortfall of HGV drivers. 2/8 rha.uk.net/News/News-Blog…
The shortages we’re seeing in our supermarkets now are only set to escalate in the run up to Christmas. The Tories have no plan to address the issues that are causing these problems - in either the short or the longer-term. 3/8