Squeeze ’em till the pips squeak
Note from Caroline:
‘Squeeze ’em till the pips squeak’
Rishi Sunak last week gave his autumn budget statement which introduced higher state spending on top of the highest hike in taxation seen since the 1950’s.
The Chancellor had made ‘historic tax increases’ this year, upping then by £40 billion, with the pledge to plough billions more into the NHS to tackle social care crisis and boost spending for other Whitehall departments
Chris Grayling former cabinet minister said ‘..we cannot plan a future as Conservatives, as a big state, high tax party. We are a small state, free enterprise party!’ – my thoughts precisely
I also agree with David Davis…’the area where I disagree with the government’s strategy is on the level of income tax, national insurance contributions and taxation generally, which in my view is likely to raise significantly less money than the Treasury spreadsheets tells them’
‘The simple truth is that the increases in [National Insurance Contributions] will undoubtedly depress growth and employment as a result, which will depress the tax take’
And the hint at lowering the taxes before the next election only makes matters worse. Let me explain…
MEET THE NETWORK
Our next Client Stories zoom meetings are:
Caroline Special – Europe Focus
– 9th November 2021 – 11AM BST
Caroline Special – America Focus
– 11th November 2021 – 4PM BST
Simply sign up here as a member to take part in our meetings and learn how to network effectively and efficiently – post lockdown
How to Keep your Money Podcasts – Episode 41
Family Governance, Francesco Lombardo: Veritage
In Episode 41, Caroline Garnham talks to Francesco Lombardo, Founder of Veritage, whose mission is to serve business families by promoting the culture of Safe Space™, and supporting clients in their development of a living Family Wealth Constitution (FWC). Together they discuss family member’s relationship with money.
To listen to the featured episode, click for Spotify and iTunes
 WATCH CAROLINE’S CLUB INTRODUCTION VIDEO You can now watch our Introduction to Caroline’s Club on our YouTube Channel, click here WATCH OUR WEBINAROur previous Client Stories zoom meeting was on: Moving Money Around the Globe – 24th June 2021 sponsored by Claremont Corporate Services Viewable on YouTube, click here |
 Caroline as an author‘Reimagining the role of the Private Client Professional – post lockdown’ This book is for Private Client Professionals written by a Private Client Professional – post lockdown. It is a practical focus on how to do and win business in the new normal; it puts our client at the heart of what we do and if we do not have the skills or expertise to resolve the wider concerns of our client we know someone who does – a Culture of Care. Click here for your FREE preview Click here to buy Visit our website |
| Sponsored by GFOSGFOS is a law firm that specialises in tax and trusts but it also operates a Culture of Care – Family Office Services to guide its clients towards solutions offered by other professionals as and when required. You can check out its network of professionals ‘How to Keep Your Money’ published on Spotify and iTunes. Our vision is to create a Culture of Care; putting our clients first to build – a trusted relationship. Our founder. Caroline Garnham is a trust lawyer and a fellow of the Chartered Institute of Taxation and has been a leader in the private client industry for the past 30 years. Caroline is experienced in identifying problems and finding the right solution for the specific needs of each unique family. |
