Key table: they estimate 2022/23 cohort (those arriving in 2022/23) will over lifetimes pay about £47 billion more in taxes than they "cost" in public spending.
assets.publishing.service.gov.uk/media/693810...
Key table: they estimate 2022/23 cohort (those arriving in 2022/23) will over lifetimes pay about £47 billion more in taxes than they "cost" in public spending.
assets.publishing.service.gov.uk/media/693810...
As Stephen says the problem is the headroom isn't really there. Not that Reeves had loads of spare cash...
samf.substack.com/p/survival-f...
As Stephen says the problem is the headroom isn't really there. Not that Reeves had loads of spare cash...
samf.substack.com/p/survival-f...
-£16bn in 'efficiency savings'
-£6bn in savings in order to fund taking SEND off local government backs
-tax rises that largely come in at the end of the forecast
-immigration being at c340k net in 2029!
-£16bn in 'efficiency savings'
-£6bn in savings in order to fund taking SEND off local government backs
-tax rises that largely come in at the end of the forecast
-immigration being at c340k net in 2029!
It's hardly a massive difference.
It's hardly a massive difference.
The combination of tax rises and giveaways since last year’s Budget means that incomes for households in the bottom half of the distribution rise by 1.0 per cent while incomes for the richer half fall by 0.7 per cent.
But beneath the surface...
The combination of tax rises and giveaways since last year’s Budget means that incomes for households in the bottom half of the distribution rise by 1.0 per cent while incomes for the richer half fall by 0.7 per cent.
But beneath the surface...
It just... doesnt seem to matter that much to many people
It just... doesnt seem to matter that much to many people
The top 10% of UK earners pay 60% of the total income tax burden, & 39% of the total UK tax burden.
They are now going to be paying extra charges on their houses if worth over £2million as well.
25% of UK taxes are paid by the top 1% (ie millionaires)
How can this Labour Government say this is a "cost of living" budget and refuse to tax the rich?
They care about protecting power and wealth. And cost of living is a buzz phrase for them. Dire.
The top 10% of UK earners pay 60% of the total income tax burden, & 39% of the total UK tax burden.
They are now going to be paying extra charges on their houses if worth over £2million as well.
25% of UK taxes are paid by the top 1% (ie millionaires)
I stood for office to stop drawing charts and start changing them. This change will see the biggest drop in child poverty of any parliament on record.
Know what that is? Hope.
I stood for office to stop drawing charts and start changing them. This change will see the biggest drop in child poverty of any parliament on record.
Know what that is? Hope.