2010, straight after going into coalition.https://www.theguardian.com/uk/2010/jun/22/budget-2010-vat-rise-osborne …
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OK. Mostly forgotten I would imagine. Scraping the barrel.
@LibDems raised the threshold to take many lower paid out of tax of course....1 reply . 0 retweets 0 likes -
Except most benefit went to rich from that after first few raises because poorest earn less. It wasn't a terrible idea...
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The increase in the tax threshold only benefited people on the lower tax rate as the upper threshold was reduced.
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Exactly, the poorest didn't benefit because they weren't in the tax bracket at all. Well done for acknowledging.
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Replying to @johngpayne @johnhemming4mp and
Where as raising VAT clobbered the poorest most right?
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Actually no. Whereas Labour are currently planning to clobber the poorest 10% VAT is mildly progressive as a tax.
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How did you avoid voting for that?
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I gave the figures on Labour plans to hit the poorest in society from the IFS.
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Sorry my mistake, I thought you were actually giving answers about your 2010-2015 record finally but you were replying to a different post
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I am going to bed now. A busy day tomorrow.
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Good plan, hope weather is okay tomorrow. Here's IFS on VAT btw.pic.twitter.com/t97qNS3jkD
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