CMS UK’s Post

Yesterday I spoke in the House on Labour’s rushed policy of introducing VAT on independent schools. It was clear that Labour hadn’t actually thought about the impact on SEND provision nor on state schools. This ideological pursuit would only ensure that those that can afford it will still do so by the hardworking families who are struggling to make ends meet will have no choice but to find other provision halfway through the year. It was clear when Labour were challenged they didn’t have answer to the most basic of questions. In Meriden and Solihull East almost 2000 children will be affected. Over the last 14 years the Conservatives did the following: 🔹 Added 1.2m school places, following 100K cut by Labour 🔹 Number of teachers up 27K; TAs up 61K 🔹 5 major extensions on early years & childcare; 6th & biggest yet underway 🔹 Tightened on persistently absent, and relentless focus after Covid hit 🔹 The best primary school readers in the Western world 🔹 Secondary school children from 27th in the world to 11th in maths and from 25th to 13th in reading 🔹 Record funding of £60 billion and real terms increase per pupil.

As a Company Secretary Student, I'm puzzled ! Remember when school fees were Rs. 200/month ? Now, it's Rs. 10,000+/month ! And we're paying 4% Health & Education CESS... However, i am curious... - Why do private school fees continue to skyrocket? - Why are medical bills ballooning? - Why are educational institutes hiking fees? Are we collecting CESS to subsidize private entities or actually fund public welfare? My Few Questions to Government ! - What percentage of CESS revenue reaches public schools/hospitals? - Why can't we cap private school fees? - Is CESS just another source of revenue or a genuine initiative? #tax #taxation #cess #companysecretary #IncomeTax #TaxReform

Childcare expenses can add up quickly, but the Dependent Care Credit may offer some relief. If you’re paying for care so you can work, you could qualify for this tax credit. Connect with your tax advisor to explore your eligibility and make the most of this opportunity. #TaxTipTuesday #TaxPlanning #FamilyFinance

❓️ When you take 1CHF from rich households, how much do poor households get? Well, not necessarily 1CHF. All redistributive policies (income tax, childcare subsidy...) are not equal in that respect, because they generate different types of unintended consequences. That's Okun's "leaky bucket". Dominik Sachs from Universität St.Gallen (HSG) introduced us with this innovative concept that blends redistribution and efficiency during the Advanced seminar series of the HEC Lausanne Department of Economics. 💡This is a very useful tool to discriminate between different redistributive policies! That is already an important contribution. But Dominik presented a very interesting application: childcare subsidies 👨👩👧👦 Subsidized childcare for low income households encourages labor supply of low-income mothers but discourages the labor supply of high-income ones. There is less fiscal income to redistribute from. If you take this effect into account, the bucket leaks. But what if you add child development to the story? We know (and colleague Rafael Lalive has contributed to this literature) that childcare benefits disproportionately more children from poor households. Through that channel, society gets more bang for its buck! ➡️ Effective redistribution requires to think about behavioral reactions and about externalities. Quantitative economic models are an essential tool to address these important issues! #thisiseconomics #childdevelopment #inequalityreduction #evidencebasedpolicy #economicresearch HEC Lausanne - La Faculté des Hautes Etudes Commerciales de l'Université de Lausanne HEC Research Center for Grand Challenges

The Child Benefit tax charge has long been argued unfair. This March budget finally saw this being addressed. ⚖️ A family with two earning £50,000 each received the full benefit, whereas a family with a single earner earning £60,000 received nothing. ❌ It penalised single income households and stay at home parents - all the while nursery costs are sky high and going back to work wasn’t an option for many parents. 👧🏼 Others argue if you earn that much you shouldn’t even need the child benefit in the first place, but everyone’s situation is different. 🎲 I’m just happy to see a tax system treating anyone unfairly being addressed. ❓Do you think the child benefit tax charge needed to be changed? #benefits #tax #politics #financetips #economics #welfare #moneytips #savings #budgeting

It's the little things that speak volumes. In his #budget2025 speech, Minister Paschal O'Donoghue says 'Education helps us to build an Ireland of tomorrow.' There is no such acknowledgement of the ECEC profession. Yet, this very profession lays the foundations for lifelong learning, health and well-being and much much more. In a much anticipated move, 'Childcare' costs for parents are to reduce by an additional €1,100/yr. While welcome, the emphasis on 'childcare' reinforces the notion that are qualified educators are simply 'expensive childcare workers.' In the middle of the worst recruitment and retention crisis, the welcome increase in minimum wage to €13.50/hour may well be the death knell for our qualified educators (L5-L8) whose entry level salary is €13.70/hour. Without a doubt, ECEC will lose invaluable experienced qualified educators to the 1600 new SNA posts announced in the budget. What will attract educators to, or keep them in the ECEC profession? There is no joined up thinking. We see this play out year after year. The biggest losers are our youngest children, whose earliest experiences are undermined the current 25% staff turnover in ECEC. As I noted elsewhere yesterday, a L8 qualified educator earns €17,000 less than an entry level L8 qualified primary school teacher. And we want a public model...not unless there is pay parity, and equal recognition of the vital role of ECEC in building an Ireland of tomorrow. RTE Newstalk Virgin Media

It is vital for workers and the economy that work pays. In giving evidence to the Low Pay Commission I wanted to be clear that providers are already increasing pay for early years staff where they could. In sectors where employers have their income largely or wholly controlled by Government funding rates, pay is the other side of the coin and you can't look at one without the other. We need a guaranteed annual funding review that reflects rising costs so that one area of policy- addressing low pay- does not damage priorities on improving educational outcomes and supporting working families. See more in National Day Nurseries Association (NDNA) asks for the new Government - https://lnkd.in/eV_mBN2p

There were some notable wins in this year's budget, from substantial investment in the housing sector to address the housing crisis, to paid placements for Nursing, Teaching, Midwifery, and Social Work students, and additional payments for the Jobseekers with the greatest barriers to work. Much is being done to address the current cost of living crisis and inequities in our society. However, there is still work to do. And Per Capita will continue its mission to fight inequality in Australia. “The Budget is the biggest signal of where a government's going to go. Following a Budget, particularly heading into an election year, you can see that very much as a kind of signpost to where we should be concentrating our efforts.” - Emma Dawson #budget #budget2024 #auspol #auspolitics #auspol2024