A Big, Bold Mini Budget 👩🏻💻
Work: Redesigned | #97
Finally, some help and opportunities for freelancers and contractors in Friday's matinee mini-budget.
I'm feeling cheered – we may be a bit better off!
Team Truss is off to a flying start.
National Insurance hikes reversed (all classes)
Corporation tax increase scrapped
IR35 reforms reversed from April 2023
Dividend tax planned increase scrapped
£500 million to support innovation funds and attract billions into UK science and tech scaleups
It's the biggest package of tax cuts in 50 years and a pro-small business and entrepreneur budget.
Here's The Growth Plan 2022 in full – working my way through it.
I'm happy about the tax cuts – know they are controversial with mixed views about huge borrowing in the hope of better growth. But they must THINK BIG and take risks to get things moving (and reconsider immigration ;-)
I'm also surprised and delighted about the repeal of the 2017/21 IR35 reforms – hugely controversial and has killed off the contractor market. This w…
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