When you take all the other changes already announced, looks like the point at which you are going to pay more is £16k, which is much better than I thought, protects those struggling most, but hardly a tax rise just for “those that can most afford it”.
Oldmanmtb has it spot on: take the NI, dividend threshold and Corp Tax changes planned, and it’s obvious that a shift is taking place… lower taxes for larger companies, higher taxes for small companies. Agree with his reasoning why… we need to encourage international companies to stay, expand, invest, when they’re likely to be looking at increases in all their trading costs… yet we also need to increase the tax take ready for the costs to the state of what’s ahead.
I suppose I have to embrace and accept that approach really… a wise budget part one.
Which taxes will rise in budget part two? If the money can’t be raised from big business?