When the 40% tax band was created, it was meant for the top 3.5% of earners - bank directors and senior executives.
Now it’s 22% of taxpayers 😳
Jack retweeted
🇬🇧 The OBR just dropped 200 pages on Healey's first Budget.
I read it so you don't have to.
Tax is at a record 37.9% of GDP by 2027-28, past the old high of 37.2%.
Then it climbs every single year to 38.6%.
Frozen thresholds are doing way too much to workers since they get a pay rise, hand more of it over.
1.8x the national minimum wage now classes you as a higher tax rate payer - what the fuck?
Borrowing @ £133bn this year. In March they said £115bn. Seven months later it's £18bn worse. And it's higher than March in every year of the forecast because neither the OBR nor treasury has a clue what they’re doing.
Debt interest at £39bn in 2019-20.
£109bn last year 😩
£160bn by 2031-32 😩😩£15bn of this year's bill is extra bc inflation's pushing up index linked gilts, and we know the uk has a structural inflation problem, partly due to the relationship between treasury and BoE.
Headroom is £14.5bn, down from £21.7bn at the last Budget.
Keep the fuel duty freeze going and it's £10.2bn.
The OBR gives Healey a 56% chance of hitting his OWN FUCKING rule.
Debt will peak at 97.3% of GDP, still 95.6% in 2031-32. Five years and it barely moves which is completely against his fiscal demands.
How it affects you?
Growth 1% next year with gdp per capita basically the same as it has been since 2019
Inflation 3.4% when March said 2%.
Zero real pay growth in 2027.
Living standards in 2030-31?
Just 2% above pre-pandemic.
But don't worry. You're getting a £100 council tax rebate.
Jesus Christ.
Being glamorous on the outside doesn’t make you a good partner, it makes you a trophy than can be replaced.
For people to say she doesn’t look glamorous enough is on them, not her.
Straight to the comments 😂
Tonight, Cardiff Castle will light up green to mark Dwarfism Awareness Day. 💚
The illumination celebrates diversity and helps raise awareness and understanding of dwarfism. orlo.uk/S4Qel
ALT Cardiff Castle illuminated at night by bright green floodlights against a dark sky. Caer Castell Caerdydd wedi'i oleuo wrth nos gan fflachlysau gwyrdd disglair yn erbyn awyr dywyll.
Normally you can pick a Walt but if he didn’t this is utterly vile!
Because of the trust and loyalty we have with each other we share experiences with each other that would be unfathomable.
A Reform member in Portsmouth who served with distinction as a Royal Marine in Afghanistan and Iraq was told by an ITV undercover reporter that they shared the same military background.
That was a lie.
The Marine, believing him, took him for a drink. They spent hours talking about their 'shared' service.
He shared deeply personal stories from the front line.
He thought he was talking to a friend who had been through the same things.
He has since learned that the man across the table was an actor with a hidden camera, sent by a television company to damage the party he volunteers for.
He said he feels VIOLATED.
A man who put his life on the line for this country had his most private memories extracted by deception for a TV programme.
This just shows you how SCUMMY the mainstream media are.
Monty has a chest infection 😒 I rung the vet and he said does his cough sound hoarse?
I said no it sounds dog!
😁
The government can’t seem to put their finger on why people are saying they wouldn’t fight for the country 🤔
So you get 2 years prison if you throw an empty plastic bottle but nothing for stabbing someone with a broken bottle 🤔
