Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      The next person to shop your store may not be a person at all

      AI shopping agents are rewriting the rules of online retail across North America

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Cohere's Aidan Gomez bets the house on 'sovereign AI' with Aleph Alpha merger valuing the group at $20bn

      Cohere CEO Aidan Gomez on stage discussing the Toronto AI lab's strategy

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Moonvalley's Naeem Talukdar is selling Hollywood the one thing rival AI video tools cannot: legal cover

      Moonvalley's Marey AI video model produces Hollywood-grade footage trained on licensed data

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Thursday 07 March 2024 5:00 am  |  Updated:  Wednesday 06 March 2024 8:35 pm

The Budget shows signs that the election won’t be complete procession

By: Andy Silvester

Add as a preferred source on Google
Record-level demand for tax lawyers as Spring Budget pointed out as driving factor

Well, it wasn’t overly dramatic, but it wasn’t bad either.

Reading between the lines in yesterday’s Budget however does give some cause for optimism that the election will not be a complete procession – and regardless whether you’re one of the three remaining people in Britain planning to vote Conservative or a dyed in the wool Labour apparatchik, a proper contest is vital for testing out the next party of government. 

For a brief moment yesterday, it appeared as if the Chancellor might be about to merge income tax and national insurance. Such a move has been on the wishlist of radical tax reformers for years; the sort of people who perhaps might not always be the best company at dinner parties but who look at a tax code that only increases in complexity and think about ways to make it easier to comply with, and indeed enforce.

Last night it was made pretty clear that such a move would likely make it into the Conservative manifesto, which suggests that the party has not completely given up on the sort of radicalism necessary for them to turn around a 20-point-plus poll deficit. 

With the chance of a May election now all but zero, the government will need to drum up a fair amount more like that if they’re to do so. For all the ‘retail politics’ offers that will be necessary – and they will be – there are a raft of people in this country who are ready to listen to someone being honest about the challenges the country is facing. Wes Streeting, the shadow health secretary, has won fans by refusing to drink  the ‘our NHS’ kool-aid.

It is harder for the government to take a similar approach to the myriad other third-rails of British politics, but not impossible. And it would have the added benefit of smoking out exactly what Labour might do instead. 

Read more

A bank tax hangs in the balance at the local election ballot

Angela Rayner addresses the media, discussing current political developments and her role in shaping policy decisions.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Business
  • Opinion

Trending Articles

  • KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants

  • Inflation expectations at record high in interest rates signal

  • London Tech Week sums up everything wrong with UK tech

  • KPMG report on AI found riddled with AI hallucinations

  • UK economy falters as deeper damage to growth to come

More from CityAM

  • A bank tax hangs in the balance at the local election ballot

    Banking
    Angela Rayner addresses the media, discussing current political developments and her role in shaping policy decisions.
  • ZayZoon, the Calgary fintech born on a fishing boat, posts 1,487% growth as earned wage access goes mainstream

    ZayZoon co-founder Tate Hackert built the Calgary fintech around earned wage access
  • Botpress raises $25m as Quebec's Sylvain Perron pitches his startup as the 'infrastructure layer' for AI agents

    Botpress product UI: the Quebec startup pitches itself as the infrastructure layer for enterprise AI agents
  • London Local Elections 2026: Who will win in Greenwich?

    London
    Voters casting ballots at a polling station in London during a local election, with people waiting in line.
  • FluidAI wins US FDA clearance for its surgical monitor as Waterloo's Youssef Helwa targets 100,000 operations

    FluidAI's Origin surgical monitor wins FDA clearance for use in US hospitals
  • Burnham vows to cut the price of a pint as he turns on Labour tax rises

    Hospitality
    Pints of Guinness on a bar counter in UK pub, highlighting traditional British pub culture and popular beer choice
  • London makes up more than a third of UK corporation tax receipts

    Economics
    London skyline with modern skyscrapers and lush green foliage in foreground on a clear day, highlighting urban nature balance
  • Local elections 2026: who will win in Harrow Council?

    London
    London residents casting votes at polling station during general election, people lined up with ballots, urban backdrop vi...
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
Copyright 2026 CityAM Limited