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The OBR acknowledges that there is a higher degree of uncertainty around these forecasts than usual. Despite slower growth, the UK labour market is forecast to remain robust.
The tax system needs to keep pace. For example, the OBR has today highlighted the growing cost to the Exchequer of incorporation.
Should IGas receive the appropriate planning permission and begin the permitted activities, we will stringently enforce the conditions of the permit to ensure that waste is managed properly and local groundwater is protected.
The government is committed to tackling tax evasion, avoidance and aggressive tax planning, and the UK tax gap is now one of the lowest in the world.
Today we publish our strategy for addressing productivity barriers in the Northern Powerhouse; and give the go ahead today to a programme of major roads schemes in the north.
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