Wednesday, 16 March 2016

One Point Two

£1.2 billion, the sum raised by cutting the benefits paid to the disabled.

£1.2 billion, the cost of cutting Capital Gains Tax and of raising the 40p income tax threshold.

I know. What are the odds?

1 comment:

  1. Shystery to its core. Here's just a few of Osborne's crafty gems: The business rate cuts that cash-starved councils will have to pay for. Forced extracurricular school activities nominally funded by a sugar tax that, because it will be implemented two years down the line when drinks firms have tweaked recipes to avoid it, will raise sweet FA but still leave schools with a bill to pay. Airbnb room rental tax cuts for wealthy homeowners paid for by the Bedroom Tax on vulnerable social housing tenants. Tax cuts for high income earners funded by cuts to the allowances granted to people so disabled that they need help dressing. The Life ISAs that sound oh-so-great now, but will no doubt one day be used to replace the universal state pension.