You are reading a single comment by @JWestland and its replies.
Click here to read the full conversation.
-
What I don't get is effectively increasing income tax for everyone via freezing the tax free threshold, but then giving a cut on stamp duty for home buyers to "help the housing market".
Wages are stagnating and inflation is high, so who on earth does it benefit to keep house prices high, rather than let the free market correct itself?
hazzelfrazzel
@JWestland
Work tax rises first obviously... OK hard to feel sorry now for those that see the 45% kicking in at 125K a year, but it's still a tax on work. Not wealth.
Capital Gains and Dividends are also more taxed now..
https://www.which.co.uk/news/article/capital-gains-and-dividends-tax-changes-in-the-2022-autumn-statement-ac6kT0e7yZ4X
Chancellor of the Exchequer Jeremy Hunt has announced the 20% VAT rate will be maintained until March 2026 despite repeated calls from the hospitality sector for a reduction.
But... this is still all aimed at individuals/small companies?
Not seeing any proper wealth tax, or ditching the price cap (which we pay for anyway) in favour of slapping more windfall taxes on the energy companies with more targeted help based in income...