Director Will Tanner writes for City AM, outlining his response to the 2021 Budget and Spending Review. He writes:
”Sunak had a much easier set of choices than he led us to believe. The OBR’s growth upgrade to 6 per cent for 2022 and scarring downgrade from 3 per cent to 2 per cent handed the Chancellor £50bn a year extra to play with. He did not have to choose between real terms increases for almost every department and delivering a surplus by 2024/5.
How he used that fiscal firepower was notable: reducing the taper rate on Universal Credit, increasing the minimum wage, investing in family hubs, and cutting both beer duty and high street business rates. These strengthen the social fabric of our communities. He also started his long term vision with skills, apprenticeships and R&D spending. But there were no long-term plans for business rates reform, planning, council tax or online sales tax. Road pricing and carbon taxes were also missing.
You can read the full response here.
'The Observer' quotes figures from Onward's 'Breaking Blue' report which breaks down the results of the 2024 election. They use the figures to make a case for what the next Tory leader need to prioritise.
'Conservative Home' mentions Onward's 'The British Entrepreneur' report. The article quotes Onward's findings that British workers are becoming “unusually risk-averse” when it comes to setting up their own business.
Onward's 'Capital Issues' report is quoted in a 'Financial Times' article on AIM markets and UK small-cap stocks.
'The Financial Times' covers Onward's 'Capital Issue' report which calls for the abolition of London's AIM markets.
A 'CityAM' article about abolishing London's AIM markets quotes Onward's 'Capital Issues' report.
'CityAM' quotes Onward's 'Capital Issues' report, which calls for the immediate abolition of London's AIM market.
