spabbygirl
she has an MSc in Economics from the London School of Economics and worked for the Bank of England, that's more than many chancellors. The reason the Tory owned press is so cross is because wealthy people are being asked to pay more now and they don't like it. You can't have decent public services without money and many wealthy people have got away with minimal taxes for years so Labour are asking those with the 'broadest shoulders' to pay more, just like they said pre-election
Clearly you do not understand that the increased NI contributions to be paid by employers will have a massive impact on inflation! I can’t understand how people don’t understand this. You don’t need an Oxbridge degree to understand this simple fact. Add to that the increase in minimum wage - something I absolutely approve of - and we have a situation that will fuel inflation. This will not affect the wealthy so much because the wealthy can afford to weather inflation, but the poorest in society will be the most affected.
Poor people will be the most badly affected by the inflation that will be caused by the recent budget.
Wait till next summer, that’s when it will start, as the increased NI contributions feed through from next April.