Labour Finally Admit Bedroom ‘Tax’ is Not a Tax

Very helpful of Labour to provide us on Budget Day with a comprehensive list of tax rises that have taken place under this government:

The 24 Tory Tax Rises

1. VAT increased – to 20 per cent from 2011
2. Income Tax age-related allowances frozen and eligibility restricted (“Granny Tax”) from 2013-14
3. Income Tax higher rate threshold cut to £42,475 in 2011-12
4. Higher Income Child Benefit Charge introduced 2013
5. National Insurance Contributions rates, limits and thresholds increased in line with CPI rather than RPI from 2012-13
6. Income Tax higher rate threshold frozen at £42,475 in 2012-13
7. Insurance premium tax increased – from 2011
8. Capital Gains Tax increased – to 28 per cent for higher rate taxpayers from June 2010
9. New Beer Duty introduced on high strength beers from 2011
10. Duty on hand-rolling tobacco increased by an additional 10 per cent from 2011-12
11. ISA subscription limit uprated in line with CPI rather than RPI from 2012-13
12. National Insurance Contributions changes to contracting-out rebates from 2012-13
13. Capital Gains Tax annual exempt amount frozen, 2012-13
14. Stamp Duty Land Tax increase to 7 per cent on properties over £2 million from 2012-13
15. VAT increases on a range of items, including caravans, sports drinks, and listed buildings from 2012
16. Duty on tobacco increased by RPI + 5 per cent in 2012
17. Income Tax higher rate threshold cut to £41,450 in 2013-14
18. Capital Gains Tax annual exempt amount increased in line with CPI rather than RPI from 2013-14
19. Income Tax cap on reliefs introduced from 2013-14
20. Pension tax relief restricted from 2014-15 21.
21. Income Tax higher rate threshold Increase capped at 1 per cent in 2014-15 and 2015-16
22. Capital Gains Tax annual exempt amount increase capped at 1 per cent, 2014-15 and 2015-16
23. Inheritance Tax threshold frozen in 2015-16
24. National Insurance Contributions ending of contracting-out rebates from 2016-17

Eagle eyed readers will spot that one thing is missing: the “hated bedroom tax” is not on the list. Which means Labour must have at last decided that it is not a tax after all. Better late than never…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

President Trump at the UN:

“The problem in Venezuela is not that socialism has been poorly implemented but that socialism has been faithfully implemented.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Labour Moderates Screwed Labour Moderates Screwed
WATCH Boris: “I’m Not Resigning” WATCH Boris: “I’m Not Resigning”
Corbynistas Seek Right to Suspend NEC Elections With “Venezuela Amendment” Corbynistas Seek Right to Suspend NEC Elections With “Venezuela Amendment”
Osborne Repents Osborne Repents
Meanwhile on Labour’s Facebook Forum Meanwhile on Labour’s Facebook Forum
Heywood Breaching Cabinet Manual by Bypassing Ministers Heywood Breaching Cabinet Manual by Bypassing Ministers
Green NGOs Spend Taxpayers Millions Lobbying Government Green NGOs Spend Taxpayers Millions Lobbying Government
May Talks Down CETA Plus Option May Talks Down CETA Plus Option
Momentum Chair: “I’d Rather Have Solidarity With North Korea Than USA” Momentum Chair: “I’d Rather Have Solidarity With North Korea Than USA”
DEx-ODUS Continues DEx-ODUS Continues
WATCH: Lol-Ney Simply the Best WATCH: Lol-Ney Simply the Best
WATCH: Boris Meets Trump WATCH: Boris Meets Trump
EU Berets at LibDem Conference EU Berets at LibDem Conference
Cabinet Brexit Split: Where They Stand Cabinet Brexit Split: Where They Stand
Gardiner: Watson Not Up To Explaining Single Market Late at Night Gardiner: Watson Not Up To Explaining Single Market Late at Night
Loser LibDems Losing the Plot Loser LibDems Losing the Plot
Heil Duncan! Hitler Tash on Alan Heil Duncan! Hitler Tash on Alan
Boris Article Wasn’t Wrong About £350 Million Boris Article Wasn’t Wrong About £350 Million
Green: No, Boris Won’t Be Sacked Green: No, Boris Won’t Be Sacked
Rudd Refuses to Answer If She Wants to be Leader Rudd Refuses to Answer If She Wants to be Leader