And finally, there is no guarantee in a general election year that all of this will happen.
What's more, an incoming new government may shelve the proposals completely or want to design their own version.
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And even if it were to happen, given the huge amount of work that would be required from HM Treasury to overhaul the current system, I would not be surprised if everything gets pushed back to 2026 at the earliest.
Nimesh Shah is chief executive of Blick Rothenberg
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