And this is why I think the budget went down like a lead balloon. Why brief on raising the higher threshold to £80k and then instead cut the additional rate? Was he on something?
Who would have thunk it?
Tories make an announcement claiming one thing but when somone reads the smallprint it turns out to be the exact opposite.
It’s the headlines that count.
This means that if you get a pay rise that matches inflation, you will end up worse off because of the freeze on tax band.
And the less you earn, the bigger the percentage drop.
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And this is why I think the budget went down like a lead balloon. Why brief on raising the higher threshold to £80k and then instead cut the additional rate? Was he on something?
Who would have thunk it?
Tories make an announcement claiming one thing but when somone reads the smallprint it turns out to be the exact opposite.
It’s the headlines that count.
This means that if you get a pay rise that matches inflation, you will end up worse off because of the freeze on tax band.
And the less you earn, the bigger the percentage drop.
So another tax policy that favours the rich.