Tax the rich! Restore the NHS!
Solidarity goes to press on Tuesday 21st, the day before Chancellor Jeremy Hunt’s Autumn Statement. Speculation swirls about what tax cut the Tories will offer, and whether and how they will clip inflation-uprating of benefits to suit. The Tories have considered cutting inheritance tax (essentially, for millionaires only), but optics may push them to cut income tax or National Insurance rates instead. Tax percentages are higher than before. The Tories have not changed income-tax thresholds, so with inflation more people pay higher income-tax rates. VAT has been at 20% since 2011 (it was 10%...