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15 March 2023
Issue: 8017 / Categories: Legal News , Tax , Employment
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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
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MOVERS & SHAKERS

Gateley Legal—Jack Kelly

Gateley Legal—Jack Kelly

Gateley Legal expands Midlands residential development team

Gibson Dunn—Richard Surtees

Gibson Dunn—Richard Surtees

Gibson Dunn adds employee benefits and executive compensation practice in London with partner Richard Surtees

Laytons ETL—Alec Cameron

Laytons ETL—Alec Cameron

Laytons ETL appoints new partner and head of intellectual property disputes

NEWS
A series of recent decisions has clarified important principles across property law, from perpetuities to lease renewals and public rights over land
Employers cannot rely on wellbeing services alone to defend workplace stress claims after a High Court decision awarding almost £1m to an overworked employee
Andy Burnham's brand of 'Manchesterism' could offer fresh thinking on legal aid and access to justice if it reaches Westminster, according to Roger Smith, NLJ columnist and former director of JUSTICE
The constitutional fallout from a change of prime minister, rather than the politics, is under scrutiny as questions arise over the limits of executive authority in a leadership transition
The legal profession is undergoing a fundamental shift from selling services to creating technology-enabled products, according to Professor Luke Mason, Head of School of Law at Regent's University London
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