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And yet Hammond thought it was quite appropriate to recently raise the 40% tax cut-off to £50k [1] giving an average increase of £390 a year to that bracket, a
by Aromasin 8y ago
And yet Hammond thought it was quite appropriate to recently raise the 40% tax cut-off to £50k [1] giving an average increase of £390 a year to that bracket, a 1% cut in corporate tax [2], and all the while overall funding for the police has fallen by about 20% when accounting for interest in the past 8 years [3].
I earn to benefit from these tax cuts, and I still think that decision was beyond ludicrous - as does everyone else I know who is set to gain from it. It truly baffles me that we're approaching a period of increasing poverty, where crime will inevitably rise, and the police are getting gutted like this.
[1] https://www.theguardian.com/uk-news/2018/oct/30/budget-income-tax-cuts-to-overwhelmingly-benefit-the-rich https://www.theguardian.com/uk-news/2018/oct/30/budget-incom...
[2] https://www.gov.uk/government/publications/rates-and-allowances-corporation-tax/rates-and-allowances-corporation-tax https://www.gov.uk/government/publications/rates-and-allowan...
[3] https://fullfact.org/crime/police-funding-england-and-wales/ https://fullfact.org/crime/police-funding-england-and-wales/