Treasury reports everyone must pay more tax

This has been true for years. If we want European/Scandinavian quality public services then you have to pay for it.
 
newusername said:
It is the Tory way with taxes. They cut the rate of tax to give the top earners more money than low earners and now aren't going to raise the threshold to take proportionally more money off the poor.

If you add 1p to the Basic Tax rate someone on £50k+ would pay £375 more. An average earner on £26k would pay £132 more.
If you reduced the Personal Allowance from £12,750 to £12,090 both the highest earners & average earners pay £132 more.

We are all in it together.
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that’s how the tax system has worked regardless of government , it’s a % based tax unless you choose to fundamentally change the way tax js calculated . The higher earner has paid more tax but i guess it just doesn’t seem as big a physical £ jump as their jump in salary. You do have to balance that there will highly likely be a reason that a person earns 50knover the average , more accountability , responsibility , risk etc so it’s not truly fair just to start whacking loads off them just because they earn more . Will they also get a reduction on accountability etc? I’m not trying to defend by any means just to highlight that’s how the tax system has worked for decades
 
Nobby_Barnes said:
Furlow has to be paid for somehow guys 👍
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That's not really how public finances work Nobby, but to take your point the national debt has nearly doubled since the Tories took over in 2010.

It was £1.1 trillion and now it sits at £2.1 trillion - so over the last 11 years NOTHING has been paid for. So why now, after 12 years of Tory are the poorest in society being asked to pay for a decade of economic mismanagement?

Oh, we have to pay it back because TRUSS blew the confidence in the UK fiscal policy out of the water and now we need austerity to sure up the markets. Truss should be jailed, not on holiday taking a well deserved break.

Screenshot 2022-11-02 at 07.57.45.png
 
The graph shows to me Government debts have been rising well above inflation under both Labour and Tories since 1997.

I suggested tax increases and cut back of tax avoidance schemes to stop debt rising further and eventually distablising the country, opposed to significant cuts in public services. To me you can't have low taxes and high public expenditure. There is an element of making the cake bigger, but it only goes so far. I was trying to show some of our taxes are on the low side, especially when tax reliefs and tax avoidance schemes are taken into account.

Some Covid fraud should and could be recovered, but it will be not enough to make a large dent in public debt.

I hope I am not someone labelled "thick working class English".
 
Redwurzel said:
The graph shows to me Government debts have been rising well above inflation under both Labour and Tories since 1997.
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Not sure it does show that, government debt was entirely manageable under labour until the sub-prime crash. 97-08 the debt increase was negligible and in real terms almost non-existent, while we got the best GDP growth on record for the UK AND high levels of public service investment and performance. That negligible debt increase was very much worth it. I'm sure had labour stayed in power it would have stayed manageable.

Under the tories government increased 70% in 8 just years and that was prior to covid where it shot up higher. During that time we've seen austerity and now austerity 2.0 is on the horizon, public services were slashed, performance of police and NHS have plummeted, national assets such as the Post Office have been sold off, and GDP growth has been non-existent for most the last decade. The tories have taken on huge debts for the country, while delivering poor quality services and poor growth.

They're chalk and cheese
 
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