Oct 28, 2021
Budget 2021: Rishi Sunak's claims fact-checked
We've had a look at some, including alcohol duty, tax cuts and debt. On the Budget alone, the OBR said that while it "Includes tax measures that could assist on the path to net zero, it also includes tax measures that will make the job of getting there more difficult by lowering the price of motoring and domestic air travel over the next five years". With "Headline" debt, in the year to the end of March 2021, UK debt stood at £2.2 trillion, up from £1.9 trillion the previous year. The chancellor described the taper rate as being "Essentially a tax rate on work for those on the lowest incomes". If the reduction in the taper rate from 63p in the pound to 55p counts as a tax cut, then it might be argued that the ending of the £20 a week uplift to universal credit earlier this month could count as a tax increase.
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