Average worker would need 400 years to benefit from pensions tax cut – analysis
1 year, 8 months ago

Average worker would need 400 years to benefit from pensions tax cut – analysis

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Workers with average earnings would have to save for 400 years to benefit from Jeremy Hunt’s tax cut for people with pension pots worth more than £1 million, Labour has said. Someone starting out their career today would have to work until the year 2423 before they’d see a penny from the Tories’ tax giveaway to the top 1% Labour deputy leader Angela Rayner They would have to keep working and adding to their pension for 10 times longer – amounting to about four centuries – to see a tax saving. Deputy leader Angela Rayner said: “Someone starting out their career today would have to work until the year 2423 before they’d see a penny from the Tories’ tax giveaway to the top 1%. A Government spokesperson said: “With too many people on NHS waiting lists, we need to move quickly – that’s why we have implemented pension reforms to help keep experienced doctors and consultants in our NHS.” Conservative Party chairman Greg Hands said: “Labour’s approach puts doctors into retirement, ours puts doctors back on wards cutting waiting lists.

Tax Labour Pension Work Doctors Cut Nhs Tories Waiting Lists  work  400  need  waiting  sign  doctors  worker  labour  tax  benefit  average  analysis  breaking  working  cut  pensions  pension

History of this topic

Voters will thank Labour for scrapping winter fuel payments, Wes Streeting claims
3 days, 19 hours ago

Voters will thank Labour for scrapping winter fuel payments, Wes Streeting claims

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The public will thank Sir Keir Starmer for scrapping winter fuel …

Winter fuel payments cut will drive 100,000 more pensioners into poverty, minister admits
1 month, 2 weeks ago

Winter fuel payments cut will drive 100,000 more pensioners into poverty, minister admits

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Cutting winter fuel payments for pensioners will drive 100,000 more into …

How HALF of a pension could be gobbled up by Labour's tax snatch: JEFF PRESTRIDGE
1 month, 2 weeks ago

How HALF of a pension could be gobbled up by Labour's tax snatch: JEFF PRESTRIDGE

Daily Mail  

Although it was the country’s farmers who yesterday took to the streets of London to rail against the horrible tax impact of Rachel Reeves’s Budget, another group of people are equally angry about the tax hit they and their families face. Final insult: From 2027, defined contribution pension funds will no longer be free from inheritance tax While farmers are …

Keir Starmer tells Brits they face a 'harsh reality': Prime Minister issues a new tax warning as Labour's Budget is set to batter employers with a major national insurance rise
2 months, 1 week ago

Keir Starmer tells Brits they face a 'harsh reality': Prime Minister issues a new tax warning as Labour's Budget is set to batter employers with a major national insurance rise

Daily Mail  

VAT on private school fees and non-dom crackdown - likelihood 10/10 The Labour manifesto committed to scrapping non-dom status, adding VAT to private school fees and increasing stamp duty on buyers from abroad. Employer national insurance - 9/10 Rachel Reeves looks almost certain to increase employer NICs, despite claims it is a 'straightforward breach' of the Labour manifesto. Capital gains …

Extending income tax threshold freeze in Budget 'will drag another 1.5m pensioners into paying higher or top rate'
2 months, 2 weeks ago

Extending income tax threshold freeze in Budget 'will drag another 1.5m pensioners into paying higher or top rate'

Daily Mail  

Another 1.5million pensioners could be dragged into paying higher rates of income tax if Rachel Reeves extends a freeze on thresholds, experts have warned. And they said extending the freeze for another two years could potentially drag 1million to 1.5million extra retirees into higher or additional rate tax brackets between 2023 and 2030. Jon Greer, head of retirement policy at …

Senior minister declines to rule out extending freeze on income tax thresholds
2 months, 2 weeks ago

Senior minister declines to rule out extending freeze on income tax thresholds

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Streeting went on to say: “What we’re not …

Reeves plans stealth taxes as Starmer prepares to splurge billions on NHS
2 months, 2 weeks ago

Reeves plans stealth taxes as Starmer prepares to splurge billions on NHS

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Sir Keir Starmer …

Rachel Reeves to push forward with £3bn sickness benefits cut in Budget
2 months, 3 weeks ago

Rachel Reeves to push forward with £3bn sickness benefits cut in Budget

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Asked why Labour was pressing ahead with plans made by …

Experts not convinced Government will save cash by limiting winter fuel payments
2 months, 3 weeks ago

Experts not convinced Government will save cash by limiting winter fuel payments

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The number of pensioners in receipt of winter fuel allowance is set to fall …

Budget 2024: Tax-free cash withdrawals ‘surge while pension contributions plummet’ as savers panic over rumours
2 months, 3 weeks ago

Budget 2024: Tax-free cash withdrawals ‘surge while pension contributions plummet’ as savers panic over rumours

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Savers can typically take 25 per cent of their …

‘I can’t afford curtains to block out the draught’: The pensioners worst hit by the winter fuel payment cut
3 months ago

‘I can’t afford curtains to block out the draught’: The pensioners worst hit by the winter fuel payment cut

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. You can still see the curtains move when the wind …

Rachel Reeves warned winter fuel payment cuts won’t save as much money as expected
3 months, 1 week ago

Rachel Reeves warned winter fuel payment cuts won’t save as much money as expected

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Cuts to pensioner winter fuel payments will save hundreds of millions …

Pensions industry struggles with lump sum stampede amid fears over tax raid
3 months, 2 weeks ago

Pensions industry struggles with lump sum stampede amid fears over tax raid

The Telegraph  

Britain’s pension industry is facing a stampede of savers attempting to withdraw lump sums from their retirement pots amid rising fears of Rachel Reeves’ potential tax raid. Sir Steve Webb, a former pensions minister, said there is “widespread concern” among the public about the Chancellor possibly reducing the amount of tax-free cash that pension savers can withdraw. He said: “Not …

Reeves warned against ‘perilous’ pension and capital gains tax rises
3 months, 2 weeks ago

Reeves warned against ‘perilous’ pension and capital gains tax rises

The Telegraph  

Rachel Reeves has been warned of the “perilous” impact of increasing pensions and capital gains taxes, as economists claimed this would damage living standards, discourage saving and harm growth. It said that launching a blanket raid on capital gains would also backfire, with tax increases acting as an “ever-greater drag on saving and investment”. ‘Jumbled tax system’ The IFS said: …

Wes Streeting hints budget cuts will go further than axing winter fuel payment– UK politics live
3 months, 3 weeks ago

Wes Streeting hints budget cuts will go further than axing winter fuel payment– UK politics live

The Independent  

✕ Close Badenoch says she 'went from middle class to working class' after working at McDonald's Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, …

How nearly 15,000 pensioners in every Labour constituency will lose their winter fuel payment if Keir Starmer presses ahead with controversial plan to strip benefit from 10 million OAPs
3 months, 3 weeks ago

How nearly 15,000 pensioners in every Labour constituency will lose their winter fuel payment if Keir Starmer presses ahead with controversial plan to strip benefit from 10 million OAPs

Daily Mail  

Some 15,000 pensioners in every Labour constituency will lose their winter fuel payment, a new analysis revealed. A total of six million pensioners who now have a Labour MP will lose the winter fuel payment under his government Only people on pension credit or certain other benefits will receive the winter fuel payments, while about 10 million others are set …

State pension to rise by £460 near year – but experts warn of catch amid Winter Fuel Payment row
3 months, 4 weeks ago

State pension to rise by £460 near year – but experts warn of catch amid Winter Fuel Payment row

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The full UK …

My love-in with Labour is already over after two months – here’s why
4 months ago

My love-in with Labour is already over after two months – here’s why

The Independent  

My love-in with the Labour government lasted about two months. But it only lasted until this week’s Commons debate, where Tory MP Graham Stuart raised the issue of single person discount for council tax in the context of the government scrapping the winter fuel allowance for many pensioners. Rayner promised Stuart that her government would not raise council tax – …

Majority of pensioners below poverty line ‘could lose winter fuel payments’
4 months ago

Majority of pensioners below poverty line ‘could lose winter fuel payments’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy About five out of every six pensioners living below the …

Starmer’s blueprint for a tax war on pensioners
4 months, 1 week ago

Starmer’s blueprint for a tax war on pensioners

The Telegraph  

Figures from the Office for Budget Responsibility show that in 2010, when David Cameron defeated Gordon Brown, pensioner benefits cost the Treasury just under £86 billion. Stuart Adam, senior economist at the independent Institute for Fiscal Studies, says: “Overall, on average, the older generation, the baby boomers, have done quite well out of the economy and have done quite well …

How Labour could raise taxes as Starmer admits budget will be ‘painful’
4 months, 1 week ago

How Labour could raise taxes as Starmer admits budget will be ‘painful’

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Chancellor Rachel Reeves will deliver her first Budget in October On …

We know the country is in a state – now Labour must fix it, not play the blame game
5 months, 1 week ago

We know the country is in a state – now Labour must fix it, not play the blame game

The Independent  

The Labour tactic is becoming a bit obvious. At his first Prime Minister’s Questions on Wednesday, Sir Keir Starmer said, when asked about problems with care allowance payments: “We have a more severe crisis than we thought as we go through the books of the last 14 years.” On Monday, it will be the turn of Rachel Reeves, the chancellor, …

Starmer told to let tens of thousands of pensioners foot bill for social care
5 months, 3 weeks ago

Starmer told to let tens of thousands of pensioners foot bill for social care

The Telegraph  

Labour has been urged to let tens of thousands of pensioners foot the bill for social care costs by delaying reforms, as councils face a £30bn funding blackhole. England’s largest councils have warned Sir Keir Starmer that without more money, reforms to prevent people from being forced to sell their homes to pay for care are “impossible”. But the County …

Budget 2024: What income tax benefits can taxpayers expect on July 23?
5 months, 3 weeks ago

Budget 2024: What income tax benefits can taxpayers expect on July 23?

India Today  

Taxpayers are eagerly waiting for July 23 when Finance Minister Nirmala Sitharaman will present the full budget for the ongoing financial year. Income tax exemption limit There is speculation that the government may raise the income tax exemption limit from Rs 3 lakh to Rs 5 lakh. If implemented, individuals earning up to Rs 8.5 lakh annually could potentially pay …

Starmer will cut pensioners’ winter fuel payment, claims Mel Stride
6 months, 1 week ago

Starmer will cut pensioners’ winter fuel payment, claims Mel Stride

The Telegraph  

Mel Stride has accused Sir Keir Starmer of planning to cut the winter fuel payment if he wins next week’s election. ‘Retirement tax’ But Mr Stride said: “We already know Labour will hammer pensioners with their retirement tax, dragging the new state pension into income tax for the first time in British history. “Now there can be little doubt Labour …

Jeremy Hunt throws down the gauntlet on tax with five major tax cuts promises in first Tory budget - as Chancellor challenges Labour to rule out rises
6 months, 2 weeks ago

Jeremy Hunt throws down the gauntlet on tax with five major tax cuts promises in first Tory budget - as Chancellor challenges Labour to rule out rises

Daily Mail  

Jeremy Hunt has confirmed five major tax cuts will be included in a Conservative post-election budget, and has challenged his Labour counterpart to rule out any rises in her first budget. The Chancellor said National Insurance would be slashed for the employed and the self-employed, income tax would be cut for pensioners and the increased stamp duty threshold would be …

Starmer-backed group of Labour MPs proposed six tax rises worth £60bn
6 months, 3 weeks ago

Starmer-backed group of Labour MPs proposed six tax rises worth £60bn

The Telegraph  

A dossier drawn up by Labour MPs proposed six new tax rises to raise £60 billion. The proposals from the party’s Tribune group – of which Sir Keir Starmer is a member – set out increases to inheritance tax, capital gains taxes and a new “jackpot” levy on the super-rich. The document, seen by the Daily Mail, was submitted as …

UK’s glum Conservatives try to shift the mood with a promise of tax cuts as polling day nears
6 months, 4 weeks ago

UK’s glum Conservatives try to shift the mood with a promise of tax cuts as polling day nears

Associated Press  

LONDON — Prime Minister Rishi Sunak on Tuesday implored British voters, and his own party, to throw him a lifeline in the U.K.'s election, pledging to cut taxes and reduce immigration if his Conservative Party is reelected on July 4. With the Conservatives trailing the left-of-center Labour Party in opinion polls, Sunak acknowledged that “people are frustrated with our party …

Labour abandons plans to bring back pension lifetime cap in £800m U-turn
6 months, 4 weeks ago

Labour abandons plans to bring back pension lifetime cap in £800m U-turn

The Telegraph  

The Office for Budget Responsibility said scrapping the limit would amount to a tax cut of £800 million per year. The source said: “The Conservatives have botched their policy of abolishing the lifetime allowance, with thousands of people approaching retirement being left in limbo because of errors in legislation.” They said Ms Reeves would “sort out the mess”, adding: “Labour’s …

Rishi Sunak’s unfunded tax cut for pensioners is a desperate attempt to neutralise the threat of Reform UK
7 months, 1 week ago

Rishi Sunak’s unfunded tax cut for pensioners is a desperate attempt to neutralise the threat of Reform UK

The Independent  

James Carville, Bill Clinton’s campaign manager, once said: “Whenever I hear a campaign talk about a need to energise its base, that’s a campaign that’s going down the toilet.” If he ever wanted an example of a campaign focused on energising its base, the Conservatives’ election strategy of 2024 is it. It is a small tax cut, worth possibly £300 …

State pension 'will never be taxed under the Tories': Rishi Sunak moves to shore up support among older generation with 'Triple Lock Plus' vowing personal allowance will rise at same rate in £100-a-ye
7 months, 1 week ago

State pension 'will never be taxed under the Tories': Rishi Sunak moves to shore up support among older generation with 'Triple Lock Plus' vowing personal allowance will rise at same rate in £100-a-ye

Daily Mail  

Rishi Sunak moved to shore up Tory support among the older generation today as he declared that state pensions will never be taxed. Rishi Sunak said the plan would give pensioners 'peace of mind and security in retirement' as he took questions at an event in Stoke-On-Trent today In a round of interviews this morning, Work and Pensions Secretary Mel …

Labour will hit elderly with ‘retirement tax’, claim Tories
7 months, 1 week ago

Labour will hit elderly with ‘retirement tax’, claim Tories

The Telegraph  

Labour would hit the elderly with a “retirement tax”, the Tories have claimed, after Rachel Reeves refused to match their plan to keep the state pension tax-free. Laura Trott, the Chief Secretary to the Treasury, said Labour’s stance would mean thousands of retirees being dragged into paying income tax from 2027. Rishi Sunak promised to raise the income tax threshold …

Nearly two thirds of pensioners will pay income tax in three years because of stealth raid
8 months, 1 week ago

Nearly two thirds of pensioners will pay income tax in three years because of stealth raid

The Telegraph  

Almost two thirds of pensioners will be paying income tax in three years because of Jeremy Hunt’s stealth tax raid, analysis has found. Two years, ago the Chancellor said the level at which a person starts to pay income tax would be frozen at £12,570 until 2027-28 – dragging more people into having to pay the tax every year. At …

Stealth tax freeze threatens income of 1.6 million pensioners
9 months ago

Stealth tax freeze threatens income of 1.6 million pensioners

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Almost two million …

Tax expert reveals the common mistakes made every financial year
9 months, 1 week ago

Tax expert reveals the common mistakes made every financial year

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The tax …

Sunak hints at welfare squeeze to fund plan to scrap national insurance
9 months, 4 weeks ago

Sunak hints at welfare squeeze to fund plan to scrap national insurance

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Scrapping national insurance is set …

John Rentoul answers your spring Budget questions - from national insurance cuts to Tory poll numbers
10 months ago

John Rentoul answers your spring Budget questions - from national insurance cuts to Tory poll numbers

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The big news, …

Budget 2024: Jeremy Hunt unveils £10bn national insurance cut – but average worker still £400 worse off
10 months ago

Budget 2024: Jeremy Hunt unveils £10bn national insurance cut – but average worker still £400 worse off

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The chancellor announced a further two percentage point slash to national insurance among a series …

Budget at a glance: What measures did the Government announce?
10 months ago

Budget at a glance: What measures did the Government announce?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt used the Budget …

Britain’s Conservative government announces tax cuts it hopes can lift its ailing election fortunes
10 months ago

Britain’s Conservative government announces tax cuts it hopes can lift its ailing election fortunes

Associated Press  

LONDON — British Treasury chief Jeremy Hunt sought Wednesday to bolster spirits within his Conservative Party with another tax cut for 27 million working people, hoping it can turn the political tide ahead of a general election this year. “We will continue to cut national insurance contributions as we have done today so we truly make work pay,” Hunt said …

Middle classes will still be worse off despite Hunt’s tax cuts, says IFS
10 months ago

Middle classes will still be worse off despite Hunt’s tax cuts, says IFS

The Telegraph  

Middle-class earners will still be paying more tax despite Jeremy Hunt’s £10bn National Insurance cuts, the Institute for Fiscal Studies has said. Anyone earning more than £60,000 faces a bigger tax bill this year because the Chancellor’s stealth income tax raid will cost them more than they will gain from reductions to other taxes on income. A person earning £61,000 …

Hunt risks pensioner backlash with stealth tax raid for NI cuts
10 months ago

Hunt risks pensioner backlash with stealth tax raid for NI cuts

The Telegraph  

Angering heartland voters is not the usual tactic of a Government going to the polls within months. Yet the goodwill this engendered may be squandered as pensioners are missing out on the best of the tax cuts announced at the Budget, just as they did at the Autumn Statement in November. Torsten Bell, chief executive of the Resolution Foundation, says: …

Jeremy Hunt’s Budget: key points at a glance
10 months ago

Jeremy Hunt’s Budget: key points at a glance

The Telegraph  

Welcome to our key points summary of the Budget. Jeremy Hunt sought to turn around Conservative electoral fortunes today as he placed tax cuts for workers and parents at the heart of his Budget. The tax cut will be paid for through a mix of tax increases elsewhere, on business class airfares, owners of short-term holiday lets, vapes and tobacco. …

2p or not 2p? Tax is just one of the questions facing Jeremy Hunt at the Budget
10 months ago

2p or not 2p? Tax is just one of the questions facing Jeremy Hunt at the Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. But there is speculation that Mr Hunt could gamble …

Jeremy Hunt warned of £2bn real-term cuts to NHS funding
10 months ago

Jeremy Hunt warned of £2bn real-term cuts to NHS funding

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt is facing warnings …

U.K. Finance Minister dampens down hopes of tax cuts as election looms
10 months ago

U.K. Finance Minister dampens down hopes of tax cuts as election looms

The Hindu  

British Finance Minister Jeremy Hunt on March 3 talked down the likelihood of tax cuts in this week’s budget, pledging “prudent and responsible” measures “for long term growth”. The Chancellor of the Exchequer had been widely expected to cut taxes in Wednesday’s budget, in a move seen as a way of closing the gap on the main Opposition Labour Party …

Jeremy Hunt eyes ‘national insurance cut and vape tax’ for next week’s Budget
10 months, 1 week ago

Jeremy Hunt eyes ‘national insurance cut and vape tax’ for next week’s Budget

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery The chancellor is considering introducing a levy on vapes But the …

Jeremy Hunt shelves 2p income tax cut
10 months, 3 weeks ago

Jeremy Hunt shelves 2p income tax cut

The Telegraph  

Jeremy Hunt has shelved plans for a 2p cut to income tax at next month’s Budget as it was revealed the economy has entered a recession. He had also considered reducing National Insurance employee contributions by two percentage points as an alternative. However, the Office for National Statistics announced on Thursday that the economy had contracted 0.3 per cent in …

Cut benefits bill instead of relying on migration to bring down debt, says OBR chief
11 months ago

Cut benefits bill instead of relying on migration to bring down debt, says OBR chief

The Telegraph  

He suggested that relying on public investment or a sharp rise in productivity were also unlikely to quickly reduce Britain’s debt burden, which has climbed from just under 40pc 20 years ago to around 100pc of the economy today. Mr Hunt hit back at comments made by OBR chairman Richard Hughes, describing them as “wrong”, and adding that they “shouldn’t …

Greens cite PBO analysis showing reshaped stage 3 tax cuts still favour highest earners
11 months, 1 week ago

Greens cite PBO analysis showing reshaped stage 3 tax cuts still favour highest earners

ABC  

In short: Analysis from the independent Parliamentary Budget Office shows the lowest 40 per cent of income earners will receive just 9 per cent of the benefits from the government's tax cuts. Analysis from the independent Parliamentary Budget Office shows the lowest 40 per cent of income earners will receive just 9 per cent of the benefits from the government's …

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