The chancellor’s extra 2% on dividends for workers she just implied aren’t workers shows that Reeves doesn’t grasp the trade-off at the heart of UK entrepreneurship.
As the government continues to flatter IR35, the data needed to truly gauge the full, detrimental impact of the HMRC rules is conveniently not being disclosed.
A few good reasons why the ‘token gesture’ should avoid the axe probably need offsetting against alignment and adjustment risks to dividends on Nov 26th.