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As someone who hates the Tories, this is total bullshit reporting, actually. The £3,500 a year figure comes from “an additional £100bn a year for the exchequer – the equivalent to about £3,500 more per household”, but where is that additional £100bn coming from?
A “rise in corporation tax from 19% to 25%, the energy profits levy and the freezing of various income tax and national insurance thresholds.”
Ah yes, “various income tax rates”, that’s definitely not a reference to the top rate of income tax… which is £125k. Fuck off. I don’t give a shit about people earning that much having to pay more tax.
Fuck the Tories, they’re looting the whole country. But this is total nonsense.
Thresholds, not rates. And, as you'd expect, freezing them hits the poorest the hardest.
The effect of freezing tax thresholds:
I absolutely 100% agree with you that the Tories are stealing from the poor and giving to the rich. But the article isn’t about personal allowance. If you click on the link I referenced in the original post, it takes you to an article about higher rate tax-payers. I don’t think any of us should give a shit about higher rate tax payers, and I’m not going to apologise for holding that opinion.
I’m responding to the article as it stands. Obviously the Tories aren’t good for the country economically, I think that’s self-evident, but the article is extremely misleading.
About £30 billion comes from freezing tax thresholds. Those affect everybody across the board because we all get the same thresholds.
You quoted the article accurately but then misstated what it said.