Cost 'is expected to rise towards £1bn beyond [2017/18]', the OBR says
‘George Osborne’s “shares for workers’ rights” initiative could end up costing Britain £1bn a year in lost revenues, the Office for Budget Responsibility has warned, at the same time as the government battles to clamp down on tax avoidance schemes. The long-term potential cost of the chancellor’s policy, buried in an annex to the Autumn Statement’s costing documents, is likely to fuel controversy over the employment initiative that got the go-ahead last week in spite of a poor welcome from business.’
Cost 'is expected to rise towards £1bn beyond [2017/18]', the OBR says
‘George Osborne’s “shares for workers’ rights” initiative could end up costing Britain £1bn a year in lost revenues, the Office for Budget Responsibility has warned, at the same time as the government battles to clamp down on tax avoidance schemes. The long-term potential cost of the chancellor’s policy, buried in an annex to the Autumn Statement’s costing documents, is likely to fuel controversy over the employment initiative that got the go-ahead last week in spite of a poor welcome from business.’
