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Budget 2016: You Pay In, Billionaires Get Payout
Birmingham’s striking bin workers and supporters bring waste sites to a standstill
MILLIONAIRE George Osborne made the poor and disabled pay for his economic failures in yesterday’s Budget even as he handed another huge tax cut to Britain’s wealthiest and big business.
The Chancellor used the Budget to slash the corporation tax rate for the second consecutive year at a cost to taxpayers of £1 billion.
He took another £2.5 billion from the Treasury to cut the top rate of capital gains tax on assets such as shares from 28 to 20 per cent.
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In the first of two articles, ROBERT GRIFFITHS argues that despite a parliamentary majority, Labour’s timid Budget fails to seize a historic opportunity and lacks the ambition needed to address Britain’s deep social and economic crises
Comparing Budget measures to fictional Tory plans rather than actual spending levels conceals continued austerity, argues DIANE ABBOTT MP, as workers face stealth tax increases to bear the cost of economic stagnation