Britons brace for highly uneven impact of Rachel Reeves’ ‘stealth tax’

28 comments

1. >broadest shoulders

   £50k is the equivalent of like £30k a few years back. These are not the broadest shoulders like Labour will try and imply. These are hard working individuals who have worked years to get to that salary and are being punished for that just so Labour don’t have to deal with actual issues.

2. Hey Kima, opened this on mobile and it’s paywalled

3. Budget for the working class or the benefits class?

4. Can we perhaps wait for the actual budget before getting annoyed about it?

5. If you’re able to, now is the time to leave the UK, your hard work will be punished, unless you are born affluent or simply have no drive then these shores are just here to milk you dry for a standard of life not nearly worth the effort.

6. The proposed salary sacrifice change cost will be taken straight out of pay increase budgets, just like the increase in employer NIC.

7. Good old tax and spend Labour. Dig deep comrades so we can protect those unsackable unionised public sector workers and their good plated final salary pensions. 50k isn’t “rich” it is £27 an hour. Let’s just steal from taxpayers instead of actually stopping spending.

8. At least it’s Rachel’s last budget. She ain’t making it to the next one.

9. A continuation of the previous government’s policy – no suprise it’s now being tagged as Rachel’s 

10. This is what happens when you freeze the income tax thresholds, nobody wants to unfreeze them as catching more people in the 40% threshold raises billions.

11. Seems like a good time to remind people a household with a single parent on £52k (plus child benefit) and one child has the same household takehome pay as a couple on minimum wage.

    **Edit:** Once the minimum wage goes up in April, and if we add a Plan 2 student loan, the single parent salary goes up to £57,622.

12. ‘Broadest shoulders’…labour’s answer is always tax tax tax.

    If you try hard you’re taxed more. If you’re successful you’re taxed more.

    If you do literally nothing you’re on happy street. Always the way with labour.

13. I strongly feel like the desk is too big for her. These tax solutions are so uncreative. Meanwhile, we’re charging amazing a 3% digital services tax (who have single handedly crippled UK retail). 

14. No money left. Simple as that.

    All those crying about welfare reform, migrants, etc, someone has to pay for it.

    And those people have fuxking had enough.

15. What’s the point in pushing all these propaganda articles, when it’s clear from the difference between each one, that one has a clue what is likely to happen?

16. See all you middle class guys in working class very soon

17. She’ll punish people who actually save for their own retirement and instead reward those that just take it from the taxpayer: perverse madness that just shows how our rotten tax system rewards idleness.

18. I wish we had the feature that Twitter rolled out, so we can see where people are posting from. How many of these “concerned UK citizens” are scattered around the world?

    As for cutting spending instead of raising tax, we have 14 years of evidence under the Tories that didn’t fucking work. This probably won’t work either, but we have to try something else.

19. £50k, they’re not the people with the ‘broadest shoulders’. They’re the people who have already seen their wage frozen for years to cover the increase in the minimum wage. Meanwhile the cost of living has continued to rise and they still have to pay the mortgage etc. it’s unsustainable.

20. The only option in the zombie economy with no growth and no hope of growth is to tax the population more. We are approaching the end of the ponzi scheme.

21. Braced?
    I will be sighing with relief. Hopefully by this evening the endless narrative and speculation will have been replaced with how Kemi would have done it all differently and Nigel will be distracting from his accusations of adolescent racism to point Richard Tice at the cameras with how Reform will salvage what’s left of the economy when they storm to power.
    I daresay the reinvigorated Telegraph will have a price by Liz Truss who will have an opinion

    But! At least I will be able to listen to the radio and watch my screen free of budget opinion pieces from everybody and their dog.

    Until the next one 😱

22. £50k a year is considered broad shoulders? Britain is no longer a serious country.

23. Tax free allowance was designed to support wage earners to afford the basic before contribution. 40% was for the very well incomed and was 3-4% of working population and i suspect £100k plus and loss of allowances was really just those who owned mansions and holidayed in Tuscany.

    The 40% will be payable by anyone earning double the minimum wage. So in a single income family that individual is being treated as entitled rich.

    But this isn’t a manifesto pledge Rachel is it? Do you think we are mugs?

24. Working class fucked over again

25. They need to get a grip of their MPs, the welfare reforms should have gone through then they wouldn’t be in this mess.

26. And only hit private pensions while public sector once again walks away untouched.

27. I think Labour are determined to cripple the country and I can’t understand why?

    Why do people who go to uni, take professional qualifications, climb the corporate ladder just get screwed over time and time again whilst minimum wage goes through the roof and businesses end up increasing costs, freezing hiring, or closing because of it.
    They’re so bloody out of touch.

28. Does no one understand this is inevitable? The threshold will never be unfrozen. It’s just maths. The debt needs servicing, and the debt keeps increasing. The tax intake needs to increase with it.

    People really do not want to admit that a default is inevitable.

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