Given the Coronavirus uncertainties, whatever he announces could be even more provisional than most schemes of most Chancellors.
The Coronavirus will punch a hole in Sunak’s sums sufficient to throw levelling-up, Boosterism, Brexit bonuses – what have you – off course.
The fourth piece in our series this week about what the Tory Manifesto should look like.
However, I do fear that in certain areas it hands too much power to a regulator which is just as prone to mistakes as those it supervises.
The Government needs to consider three strands if it is to offer a comprehensive solution: state support, private assets, and individual planning.
Wanted: a grand bargain with voters, whereby some rises at the top end are traded off for others nearer the bottom.
This government has identified problems and is working on the solutions that will make a real difference to everyone saving for their retirement.
“After decades of declines in workplace pension saving, we are now seeing increases. We want to extend that benefit to people under the age of 22.”
By 2018, we expect that figure to rise to 10 million employees newly saving or saving more – rivalling the combined populations of Scotland, Wales and Northern Ireland.
Economically, it could be transformational, as it has been in Norway, which established its fund back in the early 1990s. It is now worth over a trillion dollars.
It ought to be focused on those areas that the public really care about and where it can meaningfully offer useful policy ideas.
The Social Market Foundation isn’t tied to any party. We’re centrists – our advice and ideas on offer to anyone who wants to put common sense ahead of ideology.
Simply scrapping higher rate tax relief would be an act of fiscal hooliganism, but the Chancellor has other options available to him.