Durham Giant wrote:The problem with both national insurance and vat is that they disproportionately affect the less well off. Hence they are regressive rather than progressive taxes.
Taxing those who are more able to pay are progressive taxes.
Increases in regressive taxes runs completely counter to levelling up
Levelling up is/was just another Bojo catch phrase.
The Tory ethos is all about looking after those at the top of the food chain and trying to convince those with some aspiration that they too can join the gang.
Today has seen the manifesto go up in smoke, with NI increased and the Triple Lock on pensions go too.
There will be plenty more to come and the levelling up may be more to do with tax increases than parity with the better off.
All of those small companies who were unable to claim during the pandemic are now to be hit with a further tax on dividends. too.
Many of whom are still trying to recover from having to live on "fresh air" for the last 18 months.
One nation conservatives
And this is just the start of the pay down on the nations debt.