Autumn Statement – Higher rate giveaway is the wrong priority
Autumn Statement – Higher rate giveaway is the wrong priorityArticle
In a brief mention in today’s Autumn Statement the Chancellor confirmed the increase in the personal tax allowance to £12,500 and the threshold for the higher rate to £50,000 by the end of the Parliament.
In fact, it was so brief if you blinked you might have missed it.
This may be because analysis by IPPR shows that the increase in the higher rate threshold primarily helps those already in the richest fifth of society.
At a time when Universal Credit is still being cut by £2 billion per year, and the public finances are facing big challenges because of the Brexit vote, IPPR argues this tax cut for the top is the wrong priority.
Related items
Costing the Rwanda plan
Total payments to Rwanda for removing this cohort of people could range between £1.1 billion and £3.9 billion.Working wonders: The role of employability in tackling poverty
Better employment is the key to tackling poverty in ScotlandHandforth in hindsight: The future of hyperlocal governance in England
Hyperlocal governance has huge potential. It can give people a greater say in their areas, helping them determine and deliver what is needed in their neighbourhoods, and bring social benefits to communities as well.