Autumn Statement shows cost of gig economy

Autumn Statement shows cost of gig economy
 

The UK's gig economy, powered by self-employment and casual work, is starting to hit government revenues.
Wednesday's Autumn Statement for the first time showed how it is cutting into the government tax-take.
The Office of Budget Responsibility (OBR) estimates that in 2020/21 it will cost the Treasury £3.5bn.
Chancellor of the Exchequer Philip Hammond said he would find more effective ways to tax workers in the shifting labour environment.
"Technological progress is changing the way people live, and the way they work," he said. "The tax system needs to keep pace."
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24 November 2016 in Business, Views: 61
Source: BBC
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