[Breitbart] The leftist Labour Party government in Britain announced £26 billion in tax hikes as a part of its autumn budget, which will take the tax burden to an all time high over the next five years.
Chancellor Rachel Reeves, the Labour government’s top cabinet minister on the economy, unveiled Wednesday her long-anticipated budget, which will see millions of Britons see their taxes increased despite the leftist party’s promise to focus on growth and to protect workers from paying more in tax.
While Reeves did not technically raise income taxes — as it would have been a direct contradiction of the party’s 2024 election manifesto — her budget extends the income tax threshold freeze, resulting in what is known as fiscal drag, a process by which workers are brought into higher tax bands as a result of inflation or pay growth.
According to the Office for Budget Responsibility (OBR), which controversially leaked the details of Reeves’ plan prior to the announcement, the extension of the freeze announced on Wednesday will see an estimated 920,000 more workers paying the 40 per cent income tax rate by 2029-30 compared to projections in March. Similarly, some 780,000 more people will be forced into paying income tax for the first time at the lowest 20 per cent rate, The Times reported.
As a result, income tax will increase from 10.5 per cent of GDP to 11.8 per cent by 2030-31. In total, the overall tax burden will climb from 34.7 per cent to an all time high of 38 per cent of GDP by 2031 after the £26 billion in tax hikes are factored in.
The government attempted to ameliorate anger over the cost of living by announcing q £150 reduction in energy payments, and an increase to the national minimum wage, which critics warn may hurt employment numbers. In a further populist measure, the government will introduce a so-called “mansion tax” on properties worth over £2 million. However, some have warned that this will further exacerbate the exodus of millionaires from the country.
While raising a raft of different taxes, the government will continue on its welfare spending spree, with spending to rise by £9 billion by the end of the decade, including scrapping the two child benefit cap, which will see 560,000 families have their benefits increased at a cost of £3 billion.
Government spending on the migrant crisis is also to continue to soar, with the OBR predicting that the cost of the asylum system could hit a record £6.2 billion per year by 2028-29 if the current trends of illegal entries continue at their current pace.
On top of that the government is expected to pay out £1.8 billion over the next three years to introduce a mandatory digital ID system, which Prime Minister Sir Keir Starmer has claimed will be used to deter illegal immigration.
The tax hikes have done little to assuage concerns that the Labour economic agenda will hinder growth, with the OBR admitting that Reeves’ budget will “have no significant impact on output” by 2030 and would only see marginal gains in the short term.
While the report increased its growth predictions for this year to 1.5 per cent from 1 per cent, its economic outlook for the next four years were all downgraded, likely meaning that Labour’s election pledge of delivering the strongest growth of the G7 will go unfulfilled.
#2
It is 1 thing to help the needy.
Want watch Congress find a "working" solution?
Due to the proven conflicts involved.
While person is on any Fed Gov. Assistance, the person cannot vote in Federal elections unless performing 24hrs a week of community work and open to Public access records act.
[Breitbart] Wednesday on CNN’s “Anderson Cooper 360,” Rep. Chris Deluzio (D-PA) said he’s not planning to cooperate with the FBI’s investigation into the video he made with other Democratic lawmakers.
Host John Berman said, “My next guest is a veteran in one of the six Democratic lawmakers that recently posted this video to social media, imploring military members not to follow illegal orders. The president has suggested they are guilty of treason. The FBI has opened an investigation.”
He asked, “Have you been contacted by the FBI as part of their now investigation into the six of you?”
Deluzio said, “Well, that’s been reported now, I think, since yesterday that the FBI wants to ask me and the other members of Congress I served with for voluntary interviews. As I said, when when this news broke, it’s a clear attempt to intimidate us as members of Congress, to try to deter us from criticizing the president.”
Berman said, “What contact has there been from the FBI so far?”
Deluzio said, “What’s been reported out there is they’ve tried to contact me and the other members for voluntary interviews.”
Berman said, “Do you plan on cooperating?
Deluzio said, “I’m not planning a sit down for a voluntary interview, no.”
Berman said, “Oh. Why not?
Deluzio said, “Well, look, everyone in this country has a right to refuse to do that.”
#3
From wikipedia "he was a surface warfare officer and deployed to Iraq with an Army civil affairs unit"
that's odd, what use is a surface warfare officer to a civil affairs unit?
[IsraelTimes] Tamika Mallory stepped down from feminist movement in 2019 after lionizing antisemitic Nation of Islam leader and refusing to condemn discrimination against Jews
[Breitbart] The Georgia 2020 election interference case against President Donald Trump and others will no longer be pursued by the prosecutor who recently took over the matter, a court filing Wednesday revealed.
AP reports Pete Skandalakis, the executive director of the Prosecuting Attorneys’ Council of Georgia, took charge of the case last month from Fulton County District Attorney Fani Willis (D).
She had been removed over an “appearance of impropriety” created by a romantic relationship with the special prosecutor she chose to lead the case.
In September of this year, the Georgia Supreme Court declined to hear her appeal to get back on the case.
Wednesday’s motion to a Fulton County judge detailed that Skandalakis said he was discontinuing the case “to serve the interests of justice and promote judicial finality.”
The state charges were the last remaining criminal legal case against the U.S. president stemming from the 2020 election.
“A fair and impartial prosecutor has put an end to this lawfare,” an attorney for Trump said in response to the dismissal.
According to AP, “It was unlikely that legal action against Trump could have moved forward while he is president. But 14 other defendants still faced charges, including former New York mayor and Trump attorney Rudy Giuliani and former White House chief of staff Mark Meadows.”
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
