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The Chartered Institute of Taxation, Institute for Fiscal Studies and Institute for Government have written to the newly-appointed chancellor of the exchequer and financial secretary to the Treasury, seeking confirmation of the government’s intention to remain with a single annual Budget event.
The letter also suggests the government should set out a tax policy roadmap wherever possible, consult early and often, and carry out routine evaluation of tax measures, including tax reliefs, as the Office for Budget Responsibility recommended in its fiscal risks report in July.
The new Treasury team after Boris Johnson became prime minister on 24 July is:
- Chancellor of the Exchequer –
Sajid Javid - Chief secretary to the Treasury – Rishi Sunak
- Financial secretary to the Treasury – Jesse Norman
- Economic secretary to the Treasury – John Glen
- Exchequer secretary to the Treasury – Simon Clarke
