I’ve always been clear, since the my first pay cheque, that taxation is a one way thing. I either pay more tax or less tax, but it’s always me paying the government, not the other way round. That’s not the way Ms Snelgrove likes to spin things.
Last week the Pre-Budget Report announced a one year cut in VAT of 2.5% and the Government will give a payment to every basic rate taxpayer of £145 (up from £120 this year).
If the government’s representative in South Swindon thinks I’m going to be grateful to her for being allowed to keep a little more of my own money, whilst at the same time her government is running up massive debts that will cost me much more in tax later, and is insisting that banks cut the interest they pay on savings, then she’s very much mistaken.