George Osborne wants to raise the threshold at which people start paying the 40p rate of income tax.Yet again, the poor will be poorer and the rich richer – and for what?
They don’t need the money.
There can be only one conclusion.
Tories do these evil things because they like to.
Oh – and don’t be misled by the claim that taxes will be cut for the “middle classes” in the quoted passage that follows. It’s from the Torygraph.
Benefits payments to the disabled are to be cut by more than £1billion in a move that could clear the way for George Osborne to cut taxes for the middle classes in the Budget.
Ministers of Friday announced that more than 600,000 disabled people will lose a portion of their benefits payments, in a move that will save £1.2billion by 2020.
It gives the Chancellor extra money, which insiders believe he could use to cut taxes in his Budget next week.
The Chancellor is set to raise the threshold at which people start paying 40p tax, in a move that could see hundreds of thousands of people pulled out of the higher rate of income tax.
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