Wooden Spoon, on 13 May 2025 - 08:57 PM, said:
While I agree the cut in tax for the lowest paid us a great thing, in also wondering where the shirt fall will be made up
I can only assume that indirect tax such as VAT and then growth from giving people more spending power are the plan
How so?
Raising the tax free allowance is good for everyone unless they change the thresholds for other rates to compensate in respect of higher earners. Although as I have said before low to middle earners pay proportionately less than many European counterparts, its at higher earnings where the UK tax payers lose out versus places like Germany...
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