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It wouldn't need any more tax. There's a black hole in the budget caused by inefficient tax collection, almost entirely to the benefit of large corporations and
by TheOtherHobbes 4y ago
It wouldn't need any more tax. There's a black hole in the budget caused by inefficient tax collection, almost entirely to the benefit of large corporations and very high net worth individuals.
There are also some quite ridiculous cash handouts for little or no taxpayer benefit. Like the notorious £37bn that failed to provide an efficient Covid test and trace system. Or the >£100m in the Michelle Mone scandal, which seems to have been just one of many. Or the £45bn in tax cuts in Kwasi Kwarteng's recent budget, which were supposed to "promote growth" but have done the opposite.
The UK is one of the richest countries in the world. It has also become one of the most corrupt.
A penny or two on tax is not the problem.
- gadders 4y agoThe Kwasi Kwarteng tax cuts were all reversed by Jeremy Hunt, I thought?
- kmlx 4y ago> It wouldn't need any more tax. i don’t think you realise how much the health service costs. you can tax all of the richest and it will represent a few days of the health budget. a new funding model is needed. otherwise there will have to be tax increases.