Quote Originally Posted by the other bob wilson View Post
Well, it is to the extent that it could have been a lot worse. However, we’re looking at a monthly increase of over £40 compared to what we’ve paying now and, although I’ve not seen confirmation of this because everything has suddenly switched to being about the Queen, I assume it’s still in the form of a loan that we’re going to have to pay back. This seems grossly unfair when certain people and companies are making obscene amounts of money out of this situation - the lack of a windfall tax appears to be based on nothing more than dogma.
First, well done to Liz Truss on taking immediate action. Boris could and should have done something but too busy writing his book in time for Christmas.
Secondly there seems to be a misconception about who and what ' we're going to have pay back means'. Of the £870billion that is the annual tax take by government, less than a quarter ( £208b) comes from income tax. In fact nearly half the UK adult population pay no income tax. The majority of the tax take is from business, particularly corporation tax on profits. Business needs a stable environment if it's going to invest in UK and surprise windfall taxes might give short term gain at the cost of future investment.
Another fact not generally aired is about the wealthy fat cats ( I'm not one). This 1% of the population pay nearly a third of the UK income tax.
I don't want a load of bullshit about me being a tory etc etc..I'm just laying out the facts