Elbow beards
Well-Known Member
And the cunts have frozen the threshold you start paying tax for next year. So the 19p reduction will be cancelled out anyway.The good news is the pound seems to have stabilised.
The bad news is that it's stabilised because investors are expecting a huge interest rate hike to make it attractive to them.
I'm afraid the average person's extra £170 per year due to the cut in the basic rate of tax will not only need to cover an extra £700 per year in energy, but also an additional £2500 per year in mortgage costs. That's just on average and some people are going to be hit a lot harder.