Thread: [Continuation] Brexit: Now What? 7th heaven...
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Old 10th June 2019, 07:02 AM   #2608
KDLarsen
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Originally Posted by The Don View Post
Boris is proposing a huge tax cut for high earners funding it by using



https://www.bbc.co.uk/news/uk-politics-48577579

Don't know if this means he plans to do a deal (in which case money put aside for the dire consequences of a no-deal Brexit will be spunked away on the rich) or if he's going to default on the divorce payment any use that.
An interesting point was raised on Twitter, showing that only 20% of Conservative party members earn above £50,000 (with some 24% declining to answer). Even if all 24% of those declining to answer are above, it's still not a majority. Of course, it won't hurt him with those 44%, but still..

Elsewhere, it's being pointed out that such a move would be disastrous for the Tory party in Scotland. Why? Because the Scots have a devolved tax setup (with a 41p charge starting at £43,000 or so, instead of of the 40p charge at £50,000) so most Scottish middle-class taxpayers won't actually see a tax cut - but they'll still have to pay the increased NI payment, since it's locked to the English NI payment level.

Last edited by KDLarsen; 10th June 2019 at 07:05 AM.
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