By 2025–26, the four-year freeze to the personal allowance will be costing the typical basic-rate taxpayer £500 per year in today's prices, while the freezes to both the personal allowance and higher-rate threshold will cost typical higher-rate taxpayers around £3,000 per year. (Source 1)
Rich people now have no overall limit on how much can be put into their pension pots tax-free, and can pass this on to their heirs with absolutely zero inheritance tax”. This so called "Budget for Growth" has also ignored public services, leaving them facing “implausibly tight spending plans.(Source 2)
Is this really what people want from a government?
1. ifs.org.uk/publications/reforms-roll-outs-and-freezes-tax-and-benefit-system#:~:text=By%202025%E2%80%9326%2C%20the%20four,around%20%C2%A33%2C000%20per%20year.
2. Torsten Bell, chief executive of the Resolution Foundation thinktank.
Have any of you got all electric cars? Pros and cons please.
Good Morning Friday 25th April 2024