• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Politics

Sajid Javid hints higher earners could benefit from tax cuts

He also said he was looking at various options regarding changes to stamp duty.

Joe Mellor by Joe Mellor
2019-08-17 17:19
in Politics
credit;PA

credit;PA

FacebookTwitterLinkedinEmailWhatsapp

Sajid Javid has hinted that higher earners could benefit from changes to the tax system when he delivers his first Budget, which could include stamp duty changes.

The Chancellor said he was a “low tax guy” and that he wanted to see “simpler” taxes, but suggested the lowest paid would be first in line for any cuts.

In an interview with The Times, Mr Javid also said he was looking at various options regarding changes to stamp duty.

When asked about taxes for higher earners, he told the paper: “Wait and see for the Budget…

“But it wouldn’t be any surprise that I think taxes should be efficient.

“We want to set them at a rate where we are trying to maximise revenue, and that doesn’t always mean that you have the highest tax rate possible.

“Generally I want to see lower taxes, but at a level that is going to pay for the public services.”

RelatedPosts

‘Bins overflowing with bottles’: Insiders reveal true extent of No 10 lockdown parties

Cost of living: Eye-watering figure MPs pocket in ‘second jobs’ revealed

Internet poet gives ‘If’ a Downing Street party remix

Progressive alliance would hand Labour a MASSIVE majority in parliament

And he said the Treasury would consider whether to make changes to the fiscal rules ahead of the Budget – but that he had not yet decided whether to hold it before October 31.

“When we have the budget, I will be thinking about whether we need to make any changes to the fiscal rules.

“It is obvious to me that when you’ve got some of the lowest rates on government debt this country has ever seen I wouldn’t be doing my job if I wasn’t thinking seriously about how do we use [that opportunity].”

Speaking during a visit to Bolton, Labour leader Jeremy Corbyn told the PA news agency: “What we need in this country is a rebalancing of our economy.

“We have the most unequal society anywhere in Europe and everything Boris Johnson said during his leadership campaign and Sajid Javid has said since then will make this country more unequal.

“We would increase corporate taxation to the level it was in 2010 in order to fund university places for all those who can get to university and also to properly re-fund our local government and other services across this country.

“We cannot go with austerity year-on-year and at the same time giving tax cuts to the best off.”

Marcus Ball exclusive: “Not everything is as it seems” – click here

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

The Weekly Cocktail Recipe – Dickie’s Bar’s ‘Walled Garden’

Russia calls on NATO and EU to ‘stop pumping weapons’ into Ukraine

Coronavirus UK – ‘You can’t fight a fire blindfolded. Test, test, test’ WHO attacks countries which don’t test all suspected of infection

No 10 can’t find anyone willing to interview Paul Dacre for Ofcom job

A half-smoked cigar butt which was stubbed out by Sir Winston Churchill is expected to fetch £700 at auction

Pep: ‘It is not sport if success is guaranteed or it doesn’t matter if you lose’

Fallow to host collaboration dinner with Valentine Warner and Hepple Spirits

John McDonnell tells the City “people want change, get used to it” as protesters descend on parliament

How to Manage Your Finances Effectively

Weather forecast, alerts and UVB index for London, Wednesday 12 May 2021

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.