You have probably picked up on the announcement last week that the last Autumn Statement from this Government, prior to the 2015 general election, has been set for 3 December 2014.
This will be no doubt be used to showcase the fiscal changes that George Osborne would like to promote ahead of the expected general election, May 2015. Conservative Members of Parliament will no doubt be lobbying now for tax cuts.
The Treasury, maybe short of ideas, is inviting interested parties to contribute to this debate. Here’s what they have posted on the Gov.UK website:
“In order to inform policy development for the Budget or Autumn Statement, your representation should contain policy suggestions for the upcoming fiscal event and explain the policy rationale, costs, benefits and deliverability of proposals. It should also be evidence based, providing clear arguments on how it contributes to the aims of the Budget or Autumn Statement.
You may wish to consider:
• likely effectiveness and value for money
• revenue implications for the Exchequer
• wider macroeconomic implications (for economic stability and growth)
• sectoral impacts
• distributional impacts
• administrative and compliance costs and issues
• legislative and operational requirements
• environmental impact
HM Treasury will not consider representations that are not practicable and/or that violate HM Treasury’s legal obligations, including but not limited to State aid, human rights and diversity.”
Any ideas? Post your suggestions as a response to this blog and our editors will select worthy representations for a group submission to the Treasury. The closing date is 17 October 2014.