The government stands accused of introducing a "simply staggering huge tax cut for richer households" that will leave "the super-wealthy laughing all the way to the actual bank", while allowing hundreds of thousands of already struggling families to fall deeper into poverty.
Kwasi Kwarteng, the chancellor, yesterday announced a string of tax giveaways and other measures that, economists claim, will hugely benefit the super-rich at the expense of hard-working people. They include:
- Scrapping the 45p additional tax rate on earnings above £150,000.
- Axing the cap on bankers' bonuses.
- Scrapping the planned rise in corporation tax to 25%.
- Doubling the stamp duty threshold. on property purchases to £250,000.
- Allowing the overseas wealthy to shop duty-free anywhere in the UK not just at airports.
- Reversing the 1.25% rise in national insurance contributions.
- Tightening the benefits rules to make it harder for part-time workers on universal credit.
The combined package of measures announced in the "mini-budget" means that someone who is currently paid £1m will gain £55,220 a year, while someone earning £20,000 will be just £157 better-off, according to calculations by the Resolution Foundation.
هذه القصة مأخوذة من طبعة September 24, 2022 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 24, 2022 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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