Income tax – THE MONTHLY MOSQUITO

Britain’s Debt Soars Under Labour

Britain’s national debt skyrocketed by an eye-watering £186 billion during Labour’s first year in power, an analysis has shown. From the end of July 2024 to the end of last month, the UK’s national debt increased from £2.53 trillion to £2.71 trillion, according to an analysis of official figures. It means the Labour Government put BritainContinue reading “Britain’s Debt Soars Under Labour”

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Not Much Cheer With Keir?

According to a recent survey, three out of four Britons believe the Labour Government is doing a poor job of handling the cost-of-living situation. According to the YouGov study, 74 percent of respondents are unhappy with Sir Keir Starmer’s handling of the matter, while only 15 percent believe his government is handling it well. ThereContinue reading “Not Much Cheer With Keir?”

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Keir Starmer Plans To Use Satellites To Raise Council Tax On Those With Gardens

If Labour is elected, it has been accused of having intentions to employ satellites to spy on the size of homes with larger gardens to increase council taxation on those homes. Sir Keir Starmer’s party has dismissed the claims as ‘fantasy’, but Housing Secretary Michael Gove is standing firm that Labour will ‘hammer’ families ifContinue reading “Keir Starmer Plans To Use Satellites To Raise Council Tax On Those With Gardens”

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Pensioners Should Be Taxed More: Rachel Reeves, Tax Tsar

Shadow Chancellor Rachel Reeves’s new tax tsar previously called pensioners ‘codgers’ who had it ‘ridiculously good’. Sir Edward Troup, a former Tory Treasury special adviser, also said it was ‘ridiculous’ that pensioners received free TV licences and argued for them to be taxed more. His remarks became public earlier this month following his appointment byContinue reading “Pensioners Should Be Taxed More: Rachel Reeves, Tax Tsar”

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The Inheritance Tax Is Expected To Be Cut By Jeremy Hunt In The Autumn

Jeremy Hunt is poised to cut inheritance tax in the Autumn Statement in a move that could reduce Tory pressure over dire polls. The Chancellor is increasingly expected to act to ease the burden next Wednesday after inflation declined slightly quicker than expected. He is also thought to have a tad more wriggle room afterContinue reading “The Inheritance Tax Is Expected To Be Cut By Jeremy Hunt In The Autumn”

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Let’s Forget About Bunsen Burners And Algebra

A poll shows, forget algebra or playing the recorder, most of us would prefer to have been taught real-world skills at school such as changing a car tyre or applying for a mortgage. More than half of those questioned said the skills they learnt in the classroom hadn’t helped them in later life. The fourContinue reading “Let’s Forget About Bunsen Burners And Algebra”

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Crimes Against Humanity

Income tax was made public in Britain by William Pitt the Younger in his budget of December 1798 and launched in 1799, to pay for weapons and equipment in preparation for the Napoleonic Wars. Pitt’s new graduated (progressive) income tax began at a charge of 2 old pence in the pound (1/120) on incomes overContinue reading “Crimes Against Humanity”