The British Monti wants to take £ 10 billion from British pensioners
Jeremy Hunt
In the United Kingdom, the new course of Prime Minister Rishi Sunak and, above all, of Jeremy Hunt, risks being remembered very badly, especially by British retirees.
Jeremy Hunt is planning to take up to £ 10 billion more from wealthy workers to help support public funding. The Chancellor could force middle-class workers to pay more income taxes by cutting the relief they currently enjoy on pension contributions.
Top Rishi Sunak government officials met in Downing Street last night to discuss the upcoming autumn statement, which Hunt will present to Parliament in two weeks' time.
The Chancellor is arguing about changing tax rules to encourage workers to save on their pensions.
Ministers discussed reducing the tax relief rate for the 5.5 million UK taxpayers with the highest rate from 40p per pound invested in the pension fund to just 20p. A Treasury source told the newspaper that the tax cuts on pensions "have been discussed" ahead of the highly anticipated statement. A second solution could be that
Another option taken into consideration is to widen the threshold of those who are currently defined as "Rich" and therefore already have a reduced deduction rate. In any case, both solutions would be a significant burden from a contributory point of view for British citizens, especially for those who make up the electoral base of the Tories, that is, the middle class. Just like in Italy with Monti, when the IMU hit the middle class that voted for Forza Italia, laying the foundations for its decline, Jeremy Hunt goes to mow the electoral base of his party, undermining its future. Although the Sunak government has seen some rebound in the polls at present, only Johnson would be able to lead the Tories to a victorious campaign, certainly with a different policy than Hunt's.
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The article The British Mountains wants to take £ 10 billion from British retirees comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/il-monti-britannico-si-vuole-prendere-10-miliardi-di-sterline-dai-pensionati-britannici/ on Sun, 06 Nov 2022 12:16:44 +0000.