Torsten Bell personally raved about the revenue benefits of dragging millions of taxpayers into ever-higher rates. This is the man writing the budget…
Bell mused in a long essay some years ago in 2017 about the possibility of the Tories freezing income tax thresholds – something they eventually did:
“Raising money by ending the recent big increases in the Personal Tax Allowance is the right thing to do… indeed freezing thresholds for more than one year could raise very significant sums – a further 2023 freeze would save £5.5 billion a year.”
Torsten praised the stealth tax as a “ progressive form of taxation with revenue raised coming overwhelmingly from better-off households. ” Labour will probably designate anyone who earns above average as a non-working person just before the