Media and politics

If the Welsh diverge upwards from English rates of income tax it might prompt some higher earners in Wales to relocate but the vast majority of people are unlikely to up sticks unless the income tax variations are very significant.

The Budget will present new Chancellor Rishi Sunak with some tough choices. This week the IFS have pointed out that Sunak will have to raise taxes, break the Government’s fiscal rule or entrench austerity.

This page contains a liveblog written during the February 10th House of Lords Finance Bill Sub-Committee evidence session on Draft Finance Bill 2019, focusing on proposed reforms to the rules on off-payroll working.

Labour MP Dame Margaret Hodge secured and opened a debate in the Commons about Netflix, having spent the last decade campaigning for more corporate transparency. She is currently angry with Netflix because she says it deliberately ‘dodges’ its corporation tax bills while receiving money from the public coffers through the high-end television tax relief. In the last two years it has received nearly £1 million from the Government in tax credits and, according to its USA accounts, it is ready to enjoy £218 million in tax credits worldwide. The UK makes up 14 per cent of Netflix’s non-US market.