Just an update Friday 24th May
This week's headlines: General Election - What is the consequence of going to the polls on 4 July? Rishi Sunak’s surprise announcement of an election on Thursday 4 July came the day before the House of Commons was due to have its final session before going into recess until Monday 3 June. Here are a few first thoughts on what lies ahead: We are now in ‘wash up’ until 30 May, when parliament is prorogued, leaving the required 25 days before the polls open. The formal election timetable can be found here The ‘wash up’ period sees outstanding bills dropped or rushed through parliament, often on a bare bones consensus basis. That will include the relatively thin Finance (No 2) Bill 2024, currently at report stage. It’s worth noting that this contains no provisions relating to the proposed changes to the rules on the impact of one’s domicile on UK taxation.