Labour don’t need to say it, it’s so painfully obvious that this fucks everyone in favour of the rich.
Good. A 45% tax rate is disgusting. As is 40%. We should be working towards a flat 15% tax rate at all levels.
Probably it would have been more helpful to raise the personal allowance limit from 12.5k to 20k, this way more people could benefit
Well they have lost the North and Midlands doing this. No way will the people who voted for Boris, vote for this nonsense.
He doesn’t think it’s a gamble – because he’s in the above £150k bracket – it isn’t a gamble *for him*.
It’s a gamble for the rest of us – one that history has shown will fail *spectacularly*.
They keep saying “it’s not trickle down” but miss off the bit where they acknowledge they know the money won’t trickle down – it’s a gift, to a specifically demographic – 1% of the population.
In any other country (other than our daddy the USA) there’d be rioting in the streets.
Poor get poorer the rich get richer … it’s the Tory way !
Get what you vote for !
Quick throw a party, all us working class people will be about £160 a year better off with the 1% reduction in tax
Given how much this budget bottoms out the sterling, I’m not even sure if most of the top 1% benefit, it’s more like the top 0.001%
Labours only job is to disagree with everything the government does, but have no answers themselves
Maybe I’ve been reading it wrong, the latest tax cuts seem like they are helping everybody at some level. Reducing national insurance, raising stamp duty level by basically double. He’s even scraping the ir35 bullshit for ltd companies as well as scrapping the increase to 25% corporation tax. All good as far as I can see.
No it doesn’t, it benefits the top 0.01%, even the top 1% would overall benefit more if the higher rate band would’ve been pushed to £70-80K, the additional rate band that hasn’t moved form £150K since it was introduced in 2010 was adjusted to inflation and set to circa £215K and the tapering of the tax free allowance for income over £100K that introduces a hidden tax band of 60% was removed.
Meanwhile my son comes home from school telling me he needs to wear more clothes as the school can’t afford to turn the heating on. Fucking Tory cunts
I’m in the top 10% and so is my partner but this does not benefit us. We live in flats with high and rising service charges aswell as bills.. Its crazy how much you need to earn to not worry at all.
This is not entirely true. I am an self employed / independent contractor and during covid i felt through the system cracks and i got 0 support from the goverment. Zilch. I had to sign on whereas my sole-trader mates were handed 3 or 4 rounds of money during that time while Rishi announced the rise of corporation tax to 25%. Now corp tax is back to 19% and i am pretty happy about this as an one man LTD. Why did they not elect to tax companies with billions of turnover instead of us ?
For a lot of people myself included the tax cut will amount to getting an extra £12 a month. Honestly it would feel less of a slap in the face of they’d just done nothing.
15 comments
Labour don’t need to say it, it’s so painfully obvious that this fucks everyone in favour of the rich.
Good. A 45% tax rate is disgusting. As is 40%. We should be working towards a flat 15% tax rate at all levels.
Probably it would have been more helpful to raise the personal allowance limit from 12.5k to 20k, this way more people could benefit
Well they have lost the North and Midlands doing this. No way will the people who voted for Boris, vote for this nonsense.
He doesn’t think it’s a gamble – because he’s in the above £150k bracket – it isn’t a gamble *for him*.
It’s a gamble for the rest of us – one that history has shown will fail *spectacularly*.
They keep saying “it’s not trickle down” but miss off the bit where they acknowledge they know the money won’t trickle down – it’s a gift, to a specifically demographic – 1% of the population.
In any other country (other than our daddy the USA) there’d be rioting in the streets.
Poor get poorer the rich get richer … it’s the Tory way !
Get what you vote for !
Quick throw a party, all us working class people will be about £160 a year better off with the 1% reduction in tax
Given how much this budget bottoms out the sterling, I’m not even sure if most of the top 1% benefit, it’s more like the top 0.001%
Labours only job is to disagree with everything the government does, but have no answers themselves
Maybe I’ve been reading it wrong, the latest tax cuts seem like they are helping everybody at some level. Reducing national insurance, raising stamp duty level by basically double. He’s even scraping the ir35 bullshit for ltd companies as well as scrapping the increase to 25% corporation tax. All good as far as I can see.
No it doesn’t, it benefits the top 0.01%, even the top 1% would overall benefit more if the higher rate band would’ve been pushed to £70-80K, the additional rate band that hasn’t moved form £150K since it was introduced in 2010 was adjusted to inflation and set to circa £215K and the tapering of the tax free allowance for income over £100K that introduces a hidden tax band of 60% was removed.
Meanwhile my son comes home from school telling me he needs to wear more clothes as the school can’t afford to turn the heating on. Fucking Tory cunts
I’m in the top 10% and so is my partner but this does not benefit us. We live in flats with high and rising service charges aswell as bills.. Its crazy how much you need to earn to not worry at all.
This is not entirely true. I am an self employed / independent contractor and during covid i felt through the system cracks and i got 0 support from the goverment. Zilch. I had to sign on whereas my sole-trader mates were handed 3 or 4 rounds of money during that time while Rishi announced the rise of corporation tax to 25%. Now corp tax is back to 19% and i am pretty happy about this as an one man LTD. Why did they not elect to tax companies with billions of turnover instead of us ?
For a lot of people myself included the tax cut will amount to getting an extra £12 a month. Honestly it would feel less of a slap in the face of they’d just done nothing.