A Brexit day tax cut

[Skyedriver]

From the Telegraph:

Boris Johnson will hail “the dawn of a new era” for Britain as he celebrates Brexit day with a tax cut for 31 million people.

In a broadcast to the nation at 11pm on Friday - the moment the UK finally breaks free of the EU - the Prime Minister will urge the country to look forward, not back, saying “this is not an end, but a beginning...a moment of real national renewal and change”.

Mr Johnson will hold a special Cabinet meeting on Friday morning in Sunderland, which was first to declare a Leave vote in the 2016 EU referendum, where he will tell ministers they must focus on delivering the benefits that come from Britain’s new found freedom from Brussels.

To give workers the feeling of an immediate Brexit bounce, Mr Johnson approved an increase in the threshold at which workers start paying National Insurance from £8,628 to £9,500, resulting in a tax cut of £104 for a typical employee...


That's nice, for a Brexit supporting pensioner it makes no difference what so ever..

[Stay in Bed Instead]

Nothing to do with brexit.

It was promised as part of the GE campaign.

[mike9009]

Stay in Bed Instead said:

Nothing to do with brexit.

It was promised as part of the GE campaign.

I don't think Brussels would let us introduce those changes.

[Stay in Bed Instead]

mike9009 said:

I don't think Brussels would let us introduce those changes.

Are people really this stupid?

[Simpo Two]

Skyedriver said:

In a broadcast to the nation at 11pm on Friday - the moment the UK finally breaks free of the EU'

Nope, not until Dec 31st. What are the differences between 'transition period' and 'being in the EU'?

[Carbon Sasquatch]

Stay in Bed Instead said:

mike9009 said:

I don't think Brussels would let us introduce those changes.

Are people really this stupid?

Unfortunately, they are

Simpo Two said:

Nope, not until Dec 31st. What are the differences between 'transition period' and 'being in the EU'?

The only difference is that we are held to rules & laws but have no further say in the formulation of them - so we are in a worse state for the next 11 months.....

[Simpo Two]

Carbon Sasquatch said:

The only difference is that we are held to rules & laws but have no further say in the formulation of them - so we are in a worse state for the next 11 months.....

What idiot negotiated that? May?

Still, any arrangement can be walked away from; it only takes two words.

[gooner1]

Stay in Bed Instead said:

mike9009 said:

I don't think Brussels would let us introduce those changes.

Are people really this stupid?

You in the finance business Sibi?

[otherman]

Carbon Sasquatch said:

The only difference is that we are held to rules & laws but have no further say in the formulation of them - so we are in a worse state for the next 11 months.....

Yes, but in Europe the amount that actually changes in one year is very little. Doesn't matter at all.

[John Locke]

Simpo Two said:

What idiot negotiated that? May?

Still, any arrangement can be walked away from; it only takes two words.

Indeed, the two very words which should have been uttered on 24/06/2016.

[Bussolini]

It's also a regressive cut that disproportionately puts money in the pocket of middle to high earners.

[LHRFlightman]

Stay in Bed Instead said:

mike9009 said:

I don't think Brussels would let us introduce those changes.

Are people really this stupid?

More than you think.

[anonymous-user]

Bussolini said:

It's also a regressive cut that disproportionately puts money in the pocket of middle to high earners.

No, unless I've missed something it benefits everyone who earns more than £9500 by exactly the same amount.

[Agammemnon]

Bussolini said:

It's also a cut that disproportionately puts money in the pocket of those that pay the most tax.

FTFY

Pretty much by definition tax cuts most benefit those that pay the most tax.

[Alucidnation]

Excellent!

[anonymous-user]

otherman said:

Yes, but in Europe the amount that actually changes in one year is very little. Doesn't matter at all.

Plus ça change, plus c'est la même chose........

.......which, of course is why we ended up here in the first place.

If only Drunker had listened back in 2014.

[321boost]

Great now they can tax us in other ways, one of the likely ways being a motorists. Equalling £104+ per person.

[hepy]

What happened to Boris’ promise to raise the 40% tax threshold to £80,000?

Seems to have gone quiet on this. He couldn’t have been promising it just to get elected leader could he?

[Stay in Bed Instead]

hepy said:

What happened to Boris’ promise to raise the 40% tax threshold to £80,000?

Seems to have gone quiet on this. He couldn’t have been promising it just to get elected leader could he?

Indeed he could.

He has already backtracked on it, and added the removal of the intended corporation tax cur from next tax year.

Sure is the party of business .....

Not.

[Blue62]

Stay in Bed Instead said:

mike9009 said:

I don't think Brussels would let us introduce those changes.

Are people really this stupid?

Yes and most of them now feel empowered enough to go public.