4 ms·
Weird combination of tax hikes and cuts. I would guess this is more about making the numbers in the budget add up by raising some revenue from "alternative" tax
by _delirium 11y ago
Weird combination of tax hikes and cuts. I would guess this is more about making the numbers in the budget add up by raising some revenue from "alternative" tax sources, but who knows.
Taxes to be cut: top-rate capital gains, corporation tax, income tax for some brackets
Taxes to be raised: tobacco duty, soda duty, tax on insurance
- Brakenshire 11y agoThe sugar tax money doesn't go into general taxation, it is ring-fenced as extra funding for school sports.
- JoeAltmaier 11y agoBut is it really? CA puts lottery money into the school fund. But then, every year, they vote to reduce the school fund by exactly the amount the lottery covers. So the lottery balance ends up in the general fund instead.
- grokys 11y agoNot weird at all from where I stand: taxes cut to the rich, raised for the poor. Standard policy for Mr Osbourne.
- corin_ 11y agoYep. I'm as depressed as I expected to be by this budget. And I'm lucky enough to fall into the "personally benefits from these policies" group, can only imagine how much more I would fucking hate that man if his evil policies directly affected me. Urgh.
- hackerboos 11y agoFuel duty frozen for a 6th year running. The Conservative's "green crap" [1] is all but dead... [1] - http://www.theguardian.com/environment/2013/nov/21/david-cameron-green-crap-comments-storm http://www.theguardian.com/environment/2013/nov/21/david-cam...