In the 24 months since Labour came to power, we've seen;
• Employer National Insurance increased from 13.8% to 15%.
• The employer NI threshold cut from £9,100 to £5,000.
• Income Tax and National Insurance thresholds frozen until 2031.
• Capital Gains Tax increased from 10% and 20% to 18% and 24%.
• Business Asset Disposal Relief increased from 10% to 14%, then 18%.
• Investors’ Relief increased and its lifetime allowance cut from £10 million to £1 million.
• Carried interest taxation increased and moved towards the Income Tax regime.
• Dividend tax rates increased by two percentage points.
• Savings-income tax rates increased by two percentage points.
• Property-income tax rates increased by two percentage points.
• Most unused pension funds brought into the Inheritance Tax net.
• Agricultural Property Relief restricted.
• Business Property Relief restricted.
• Inheritance Tax thresholds frozen for longer.
• The non-dom regime replaced with a more extensive residence-based system.
• VAT imposed on private school fees.
• Business-rates relief removed from private schools.
• Stamp Duty increased on second homes and buy-to-let properties.
• The Furnished Holiday Lettings tax regime abolished.
• Pension salary-sacrifice benefits capped at £2,000 before National Insurance applies.
• The Cash ISA allowance cut to £12,000 for most under-65s.
• A 22% charge introduced on interest from cash held inside non-cash ISAs.
• Restrictions introduced on transfers and cash-like holdings within ISAs.
• The Energy Profits Levy increased and extended.
• Investment allowances for oil and gas producers reduced.
• A new Vaping Products Duty introduced.
• Tobacco duties increased above inflation.
• Vehicle Excise Duty increased for many new cars.
• Electric vehicles brought into the Vehicle Excise Duty system.
• A new mileage tax announced for electric and plug-in hybrid cars.
• Air Passenger Duty increased.
• Climate Change Levy rates increased.
• Plastic Packaging Tax increased.
• A new Carbon Border Adjustment Mechanism introduced.
• Making Tax Digital extended to more landlords and self-employed people.
Together they represent one of the biggest transfers of wealth from households and businesses to the Treasury in decades - with no noticeable improvement in public services.
Whether you're a business owner employing staff, a parent paying school fees, a farmer planning succession, an entrepreneur building wealth or simply someone trying to save for retirement...
You keep less of what you earn.
You keep less of what you invest.
You leave less to your family.
Death by a thousand cuts is becoming tax policy.
There was a flurry of excitement yesterday when it was suggested that Jamie Donley might be returning to the Os
We understand that #LOFC are not currently trying to bring the player back
Katie Hopkins LIVE outside Number 10 North where Captain Casual and The Circle Jerks @andyburnham engage in performative politics
Trumpy Trump in the @WhiteHouse versus Captain Casual in the Shite House
".. probably the greatest criminal fraud ever perpetrated on the people of England & Wales"
@Feargal_Sharkey on the privatised water industry.
The solution is simple. Prosecute the bosses, fine the companies into bankruptcy & take our water back.
Andy Burnham has barely finished announcing his £2 bus-fare cap when The Inbetweeners lads descend on him at a bus stop. Then it becomes On the Buses, as Stan and Jack pile in too. Keep an eye out for Dame Judi Bench.
{satire}
Chesney Allen & Billy Dainty joined on stage by a host of veteran comedians including, Arthur Askey, Richard Murdoch, Arthur English, Charlie Chester, Stanley Holloway, Sandy Powell, Cyril Fletcher & Charlie Drake for the Royal Variety Performance 1980
🚨"This is an act of treachery by the Prime Minister!"
Britain is currently ranked 31st out of 32 NATO countries for progress toward rearmament targets.
The only other country below us is Iceland, which has no army.
@JuliaHB1