It looks like one winner from the Rachel Reeves increase in employers NI will be the utilisation of salary sacrifice schemes (to feed into pensions & pay for other 'benefits') as a way of lessening the exposure to the increased tax rate.
If this encourages more early career workers to contribute to a pension, then that would start to address one often noted 'problem' in the UK; low take up on pension provision among the under 40s.
Perhaps Reeves even planned this knock-on effect?
#tax
h/t FT
Another potential benefit from the budget would be a fall in the price of agricultural land if it can no longer be used as a tax shelter.
It might be possible to reinforce this by allowing and encouraging #localauthorities to purchase agricultural land in order to increase the scope of #tenantfarming . Historically #localauthorities have been rather good agricultural landlords but #conservative policy in recent years has been to get them out of such a role. Making it easier for well-motivated and trained people to get started as farmers would make a lot of sense.
And the land itself would count as a public sector asset!
Emeritus Prof Christopher May
Donald Roy
Epistatacadam