• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
  • Guest Content
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
  • JOBS
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
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Politics

Tax breaks for bankers and patriots as working poor see state aid slashed

The veil of the pandemic has been lifted - now we're starting to see the Conservative's real post-Brexit agenda.

Jack Peat by Jack Peat
2021-10-26 06:46
in Politics
FacebookTwitterLinkedinEmailWhatsapp

Rishi Sunak is preparing to slash taxes for bankers and patriots as the working poor see National Insurance hiked and Universal Credit uplifts cut.

Last week it was announced that the chancellor is planning to reduce a tax surcharge on bank profits by more than 60 per cent in the upcoming budget.

He is rumoured to be cutting the surcharge from 8 per cent to 3 per cent from April 2023 in a bid to keep banking activity in the UK healthy in an era of higher corporation tax rates.

And to add insult to injury, he has now announced that shipping companies who hoist the Union Jack on their vessels will also stand a better chance of being accepted into the UK tonnage tax scheme from April 2022, offering more generous rates to the big corp logistics companies.

“The UK has always been a proud and preeminent maritime nation, with 95 per cent of our trade in goods carried out by sea,” the Chancellor told the Telegraph.

“Now we have left the EU, it’s time for us to do even more to help the UK shipping industry to grow and compete in the global market.”

But while bankers and patriots are set to be prioritised, millions of working poor in Britain face a tough winter as National Insurance contributions go up, Universal Credit uplifts are cut and energy bills rise.

Despite a small increase in the National Living Wage, there are questions over whether the hike is enough to support families facing a cost of living crisis.

Shadow chief secretary to the Treasury Bridget Phillipson said the rise was an “underwhelming offer”, adding that it is “clear that Labour is the only party serious about improving the prospects of working people.”

RelatedPosts

Rees-Mogg says ‘haters of Brexit’ are trying to bring Johnson down ahead of inquiry

Trump loses last bid to keep key evidence out of rape trial

Distraction win for Tories as concern over immigration soars

Ann Widdecombe joins Reform UK to ‘save the Union’

After months of state intervention during the pandemic when the Tories were forced to advocate for socialistic policies, it looks like the veil is finally about to lift.

Now we will start to see the Conservative’s real post-Brexit agenda.

Related: Elevenses: COP Out

Content Protection by DMCA.com
Tags: Rishi Sunak

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

Elevenses: Exposing the Tories’ Deepfake Illegal Immigration Bill

Elevenses: Rishi’s Finest Hour

Elevenses: Fear and Loathing in the New Conservatives

More from TLE

Uber Set to Introduce First Self-Driving Cars

‘Let them heat lakes’: Sunak’s pool about to be finished as local public baths face closure

Theatre Review: Othello, Union Theatre

Greater testing capacity earlier would have reduced deaths, minister admits

‘Stop shouting!’ Just Stop Oil activist in tense showdown with presenter

‘What did I care?’ Boris boasted about ignoring ‘piles’ of parking fines

‘Taking the p**s:’ Rayner’s comment one of many slamming Johnson’s kettle advice

Leeds United fan unsuccessfully applies for management jobs at over 60 clubs – Spurs first rejected him in 1999

Tory chairman apologises for ‘activist blob’ attack on civil servants

Leavers ‘surprised’ relations with EU are falling apart, says Brexit minister

JOBS

FIND MORE JOBS

About Us

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

Read more

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 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
  • JOBS
  • 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.