‘At least bankers on short-haul flights sipping champagne will be celebrating this Budget’ said Shadow Chancellor Rachel Reeves, who should surely be Leader of the Opposition soon. So here’s the thing: we’re going to be paying more tax. Boris want’s us all to earn more. If you’re on minimum wage, an extra 59p an hour won’t solve many problems. But it’s all relative, and if the office cleaners get a rise of £23 a week, you can bet that translates to £100k a year for the City Boys. All tax thresholds are frozen for the foreseeable, inflation’s 4%, do the math. Own goal, though, with the champers and Universal Credit £20, I’d say, Rishi.
“Jeremy Hunt waves through biggest tax burden since war in spring budget 2023”
It may have seemed a Bland Budget, but that’s because Hunt got all the nasties out of the way in the Autumn Statement, in the hope, I guess, that we’ll have forgotten all about them by the time they hit us.
