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Torsten bell

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  • Torsten bell

    Possibly next chancellor.

    Some of his proposals over last couple of years

    Cap tax free ISAs at £100k
    Scrap nil rate band for inheritance tax
    Primary home sales taxed at 28%
    Scrap lifetime ISA allowance
    Devolve income tax to local authorities
    Capital gains tax on shares 37%
    Real estate capital gains 53%
    Charge capital gains tax on death & leaving UK
    VAT threshold reduced to 30k
    Income tax rise 2%
    Charge NI on rental income
    Max tax free lump sum on pensions cut from 270k to 40k
    Pay per mile duty on electric vehicles
    Scrap 5p cut in fuel duty and increase by 2% per annum
    Scrap entrepreneurs relief.

    Whaurs the growth 🤔

  • #2
    Think this appointment will help all political parties Except Labour. Corbyn and McDonald came from the same sort of far left background and completely failed to gain votes.
    Whole point is whoever takes over after Labour needs to undo they dafter schemes.

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