The Tory leadership frontrunner suggested a 'level of ambition' was needed to 'change the orthodoxy' and avoid the outcome forecast by the Bank of England
, she promised a “small business and self-employed revolution” to help turn things around.
“It’s about that level of ambition. There is too much talk that there’s going to be a recession. I don’t believe that’s inevitable. We can unleash opportunity here in Britain.” The rule was introduced in 2000 to prevent tax avoidance by “disguised employees” who do the same job as an employee but escape income tax and national insurance by providing services through an intermediary such as a personal services company.The economy shrank by 0.6% in June and the Bank predicts it will again in the final quarter of this year and throughout 2023.
Mr Gove criticised Ms Truss’s plan to immediately reverse the national insurance hike and her previous dismissal of increasing direct support to the most vulnerable when she said she opposed “handouts”.
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