Teachers and nurses will see their income taxes increase next year while top bank bosses will enjoy a cut worth more than £100,000, according to a new analysis of Kwasi Kwarteng’s mini-budget.
While the tax-cutting package brought forward a promised reduction in the basic rate of income tax from 20% to 19%, that cut will be more than offset by a decision to freeze the point at which people start paying tax. It means that some key workers will be paying more income tax next year.
A teacher on a starting salary of £25,700 will see their income tax rise by £121 in 2023-24 once the threshold freeze is taken into account, according to research by the Liberal Democrats. An NHS nurse will also face a £107 rise. Meanwhile, a top banker earning £2.5m will enjoy a tax cut of more than £117,000. » | Michael Savage and Jon Ungoed-Thomas | Saturday, September 24, 2022
This woman is shameless! She has a face of brass! The sooner the electorate dumps her, the better it will be for us all.
She appears to like to compare herself to Margaret Thatcher. Dream on, Truss! Margaret Thatcher even though she was in so many ways a wonderful leader, had her faults and weaknesses, too. But one thing she had which Truss doesn’t have is any understanding of Christianity. Thatcher’s background, by contrast, was steeped in Christianity; moreover, Truss’s lack of understanding of Christianity shows in her uncaring policies.
I thought we had reached rock bottom with BoJo, but Truss has stolen the prize even after just a few days in office! – © Mark Alexander
