Member

The key problem here is that finfluencers are all too often not driven by a desire to be helpful; they are driven by the perverse incentive that the number of clicks and likes they receive drives the money that they gain from their behaviour. The more outlandish the claim, the more money they will make. In the context of tax and new clause 4, this can have catastrophic personal consequences. I believe very strongly that the Government should do all they can to help tackle personal debt. I also recognise that our tax system is too complicated and that finfluencers are preying on its complexity, so I welcome the fact that the Minister is up for the challenge of how to simplify our tax system.