Jump to content




Welcome to Unexplained Mysteries! Please sign in or create an account to start posting and to access a host of extra features.


- - - - -

Osborne grabs 2 billion from middle-class


  • Please log in to reply
No replies to this topic

#1    questionmark

questionmark

    Cinicus Magnus

  • Member
  • 33,478 posts
  • Joined:26 Jun 2007
  • Gender:Male
  • Location:Greece and Des Moines, IA

  • In a flat world there is an explanation to everything.

Posted 05 December 2012 - 03:07 PM

The Telegraph said:


Autumn Statement 2012: George Osborne will create more high-rate taxpayers in a £1 billion hit on middle-class earners while raiding the pension pots of rich older people for another £1 billion.


Mr Osborne's complicated package of changes in the Autumn Statement will hit those who pay the 40p rate of income tax and wealthier pensioners, who will get less tax relief.


However, there is good news for drivers and low earners. The Chancellor will scrap a planned 3p rise in petrol duty and raise the tax-free personal allowance, so those earning under £9,440 will pay nothing to the Treasury at all.


Mr Osborne will also save £3.7 billion on the welfare bill because most benefit payments will rise by just one per cent - less than inflation. This will effectively mean a cut in child benefit for millions of families.

Read more


A skeptic is a well informed believer and a pessimist a well informed optimist
The most dangerous views of the world are from those who have never seen it. ~ Alexander v. Humboldt
If you want to bulls**t me please do it so that it takes me more than a minute to find out

about me




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users