en en en en en en en en en en en pt es es es es en en en en en ca en en es en en en fr de en en en en en en en en vi en en en en en es en es en en en en en en en en en en en en en en en en en ru en en en en en ru en en en en en en en en en en en en en en en en ru en en en en en en en ru en en en en en en en en ru en en en en en en ru en en en ru en en en en en ru en en en en es en en en en it en it en it en it en en en fa en en en en en it en it en it en it en it en en az en en en en en en en en en en en en en en en en zh ca en en en en en es en en en en en en en en en en en en pt es es es es en en
Mini-Budget 2022 latest: Tax cuts for rich are 'Robin Hood in reverse', unions say - KQ Education Group
Wednesday , 28 September 2022
Feedback begins again for Provincial Education Plan in Catholic Division
Bradley calls for support for public education Local News
A force for parent empowerment, equity in Salem education retires
RGV LEAD president previews inaugural State of Education & Industry event
Weigh options for higher education
VIEWPOINT: Tech can be a key piece of Delaware’s education puzzle
Mini-Budget 2022 latest: Tax cuts for rich are ‘Robin Hood in reverse’, unions say
The energy bill package will cost £60bn in the first six months, says Chancellor Kwasi Kwarteng
Kwasi Kwarteng has unveiled a list of tax cuts in a mini-Budget which unions have called “Robin Hood in reverse”.
The chancellor is facing criticism that his plans – which include scrapping the highest rate of income tax and the bonus cap for bankers – largely benefit the richest in society.
A planned increase in corporation tax on big business profit has also been axed in the mini-Budget.
Frances O’Grady from the TUC, which represents trade unions across the country, said Liz Truss and her chancellor were “holding down wages and lining the pockets of big corporations and City bankers.
She added: “This budget is Robin Hood in reverse.”
The mini-Budget – which has been sold as a “growth plan” for the UK economy – comes amid a cost of living crisis driven by soaring inflation, rocketing energy bills and wages failing to keep up with these increases.
Rachel Reeves, the shadow chancellor, said it was “a plan to reward the already wealthy” rather than to grow the economy.
Opinion: Mini-Budget is huge, risky and ideological
“This is an experiment conducted in real time in the world’s sixth largest economy – an economy that has not been performing very well for the past decade,” Hamish McRae writes.
Read his take on the mini-Budget here:
Risky, ideological: This is more important than any budget in decades Hamish McRae
Stand back a moment. This is an experiment conducted in real time in the world’s sixth largest economy – an economy that has not been performing very well for the past decade.
Zoe Tidman23 September 2022 14:30
Gordon Brown: Billions ‘lavished’ on the rich at the expense of the poor
Gordon Brown is not a fan of the mini-Budget, saying millions will suffer “not because we are a poor country” but an “ever more unequal one”.
“The gap between rich and poor continues to widen as the government lavishes billions on the already wealthy at the expense of the new poor,” he tweeted.
The former Labor prime minister said the removal of the bonus cap for bankers, cuts to corporation tax and rejection of further windfall tax on energy giants will “mercilessly underline that a winter of destitution” for millions.
Zoe Tidman23 September 2022 14:15
‘Vast void’ in Kwarteng plan, says senior Tory
Senior Tories have shared their fears about Liz Truss and Kwasi Kwarteng’s tax-cutting agenda.
Former Treasury minister John Glen said there were “irreconcilable realities” in the plans to borrow more cash to cut tax at the same time as inflation was rising.
Mel Stride – chair of the Treasury select committee – said there was “a vast void” at the center of the plan because of the lack of an independent Office for Budget Responsibility (OBR) forecast.
The Rishi Sunak supporter said an OBR assessment was vital if the government was to make changes “in a fiscally responsible manner”.
The government has committed to an OBR forecast before Christmas, followed by another forecast before the end of the financial year in spring.
A proper budget was expected in November. But the Treasury officials would not commit to a proper budget by Christmas – saying only it would happen “within this financial year”.
Adam Forrest23 September 2022 14:00
Opinion: Kwarteng is at the wheel of the Budget like a boy racer
“Watching Kwasi Kwarteng leaning hard into his growth argument – ​​hoarse and at times gabbling his way through his budget-that-isn’t-a-budget – I wondered what he reminded me of,” Sean O’Grady writes.
“Then, with all his talk of ‘unleashing’ economic potential and ‘unshackling the creative energies’ of the UK I realized: a boy racer who suddenly finds himself in charge of a supercar, and really can’t believe his luck.”
Find his thoughts on the mini-Budget here:
Kwarteng handled the budget like a boy racer who can’t grip the wheel Sean O’Grady
Like many a joy rider, Kwarteng’s boundless self-confidence and bravado far outstrips his actual skills as a driver.
Zoe Tidman23 September 2022 13:43
‘Robin Hood in reverse’
Union leaders have been scathing about the mini-budget’s tax cuts for the rich – calling it “Robin Hood in reverse”.
TUC general secretary Frances O’Grady said Liz Truss and Kwasi Kwarteng were “holding down wages and lining the pockets of big corporations and City bankers”.
She added: “This budget is Robin Hood in reverse.”
Unison general secretary Christina McAnea said: “The government has ditched leveling up for an all-out offensive to make the wealthiest even richer.”
Unite general secretary Sharon Graham said it was “unashamedly a budget for the rich, big business and the City… whilst millions of ordinary families continue to struggle to make ends meet”.
Zoe Tidman23 September 2022 13:24
What does the axed top rate for income tax mean?
High earners getting more than £150,000 a year will no longer pay the top income tax rate of 45 per cent and will instead pay the 40 per cent rate paid by those earning over £50,000.
It means those earning over £150,000 will enjoy an average tax cut worth £10,000 a year, according to Treasury officials.
The government loses out on more than £2bn a year from the plans to cut tax for the 629,000 people in the top tax bracket.
More in Adam Forrest‘s piece here:
Britain’s rich to enjoy lion’s share of £45bn tax cuts announced by Kwarteng
Government accused of helping ‘already wealthy’ with ‘Robin Hood in reverse’ mini-budget
Zoe Tidman23 September 2022 13:12
What is a stamp duty holiday?
Kwasi Kwarteng announced the introduction of a new stamp duty holiday in the mini-budget today.
Joe Sommelier takes a look at what this means:
What is a stamp duty holiday?
Chancellor Kwasi Kwarteng unveils new administration’s tax-slashing agenda
Zoe Tidman23 September 2022 12:50
Super-rich will be ‘laughing all the way to the bank’, says Sturgeon
SNP leader and Scotland’s first minister said the super-rich will be “laughing all the way to the actual bank” after the chancellor unveiled his tax-cutting plans – accusing the Tory government of “moral bankruptcy”.
Adam Forrest23 September 2022 12:20
Rich to enjoy lion’s share of tax cuts
Liz Truss and her chancellor Kwasi Kwarteng were accused of producing an “trickle down” economic plan helping the “already wealthy” after announcing a raft of tax cuts which benefit the rich the most, Adam Forrest reports:
Britain’s rich to enjoy lion’s share of £45bn tax cuts announced by Kwarteng
PM and chancellor accused of helping ‘already wealthy’ and turning their backs on the poorest
Zoe Tidman23 September 2022 12:05
‘I’ve got a joke about trickle-down economics…’
Labour’s David Lammy has tweeted this after the mini-budget:
Zoe Tidman23 September 2022 11:54
Facebook Twitter WhatsApp Telegram
Manufacturers will collaborate in the metaverse in 2030
Chippewas of the Thames school closed until Oct. 3 amid rise in COVID-19 cases on First Nation - London
Allegations of child abuse leveled against Francesco Aquilini: lawyer
The Prince of Wales has no plans for a formal investiture ceremony
Jodie Turner-Smith’s Pink Hair Is Reviving The Bright Dye Trend
‘Lots of lessons’: Winnipeg learns how to revitalize downtown from former American mayor
Leave a Reply Cancel reply
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Mayo GAA to investigate incident that led to minor match being abandoned
Work suspended at the Intel construction site in Leixlip after a man (30s) was injured in an accident
Who is Matthew Fowler? Shooting suspect was a new father, but had criminal ties
Benton Park School teacher Kate Griffiths banned for pupil relations
Homicide: Murder charge laid in woman’s death
breaking news business Business news COVID-19 covid 19 ontario crime economics education live video metaverse news politics school sports student technology toronto Us
More than half can only cover 50 per cent of their bills as people turn to ‘quick fix’ finance
Malaysian, Indonesian central banks renew currency swap agreement
$100M lawsuit filed over injuries suffered in police van | App
Feedback begins again for Provincial Education Plan in Catholic Division
Bradley calls for support for public education Local News
THIS WEBSITE PROVIDE LATEST NEWS ON EDUCATION, LEARNING JAVA, CCNA AND DESIGN. Continue To help US FOR LATEST NEWS AND WE WILL PROVIDE BEST OF OUR EFFORTS TO MAKE YOU UPDATED ALL AROUND THE WORLD NEWS. Continue To brandish US