Keith Sansum1 wrote:
Still pushing towards right
What?
In 2021/22, UK government raised over £915 billion a year in receipts – income from taxes and other sources. This is equivalent to around 39% of the size of the UK economy, as measured by GDP, which is the highest level since the 1980s.
In the 2022-23 tax year, there will be over six million people paying income tax at the higher rate of 40% on income over £50,270. The rise is significant; in 2019 there were 4.3 million people paying tax at the higher rate. The number paying the 45% additional tax rate on income over £150,000 has also increased, from 421,000 to 629,000.
Billions borrowed during Covid for furlough to stop economy collapsing.
Now talk of borrowing up to £100 billion to (foolishly) cap gas/electricity bills.
NHS commissioning budget for 2022/23 £153 billion (Over £2250 for every man woman and child in UK)
Pushing towards the right?