How is lowering tax for the highest earners going to help this problem.
How is it fair that a high earning paye employee on say £150000 a year is £7500 a year better off where someone like me who doesent earn a great deal but spends a lot on materials is £2000 a year worse off from the vat increase alone.
Typical conservative government looking after the rich and fucking over the working class.
not sure where you get those figs from, as the highest rate of tax has risen from 40% - 50% , put up at the end of the labour term and not changed by the tories. although there is pretty good evidence that 50% tax is probably higher than optimal for the good of everyone in the long run.
the myth that the tories look after the rich and screw the poor is just propaganda, the last labour government actually lowered taxes and courted the rich far more than any government in recent UK history(current one included). And to be fair labour did a pretty good job at encouraging healthy economic growth.
there was something like 12 years of unbroken economic growth under labour with record tax receipts(albeit with low tax rates) yet they still managed to leave the country in monumental debt and with a record spending deficit.
i am not a supporter of any party but when you look at the facts , there does appear to be a cycle where labour takes the the country to the brink of financial ruin and then the tories come and clean up their mess. it happened back in the 70s, 3 day weeks, union mob rule, imf bail outs, sick man of europe label etc, thatcher turned that around and when labour came back in 97 they inherited a golden egg economy. they did well for a long time, as blair had stolen the tories' clothes and never really veered from the economic policies of his predecessors. but eventually they let public spending get out of control and when the global downturn hit instead of being in a strong position to deal with it as you should be after years of strong growth, the country was back at the brink of bankruptcy, with labour vowing to spend their way out of debt...and the cycle continues.