Hi Rachel from Customer complaints.
Let me spell it out for you, I'll try to use small words and keep it simple.
1. Despite the things that you list above. The Top 10% of earners still pay 50% of the annual income tax take.
2. When you chase these people away, due to punitive tax measures, they leave, just like they are doing now, in record numbers. When they move elsewhere. 50% of zero, is zero
3. This means you will have to increase borrowing, By around £160 Billion a year.
4. Add on the corresponding loss from National Insurance, Another £100 Billion a year
For the financially illiterate, that is an extra £260 Billion in annual borrowing.
Just as I advised you on another thread.
https://www.thetimes.com/uk/politics/article/farms-close-inheritance-tax-raid-jhsln07qw
Unemployment UP
Welfare UP
Government borrowing UP
Government debt Servicing costs UP
Labour, taking the UK back to 1976.
A budget for Growth Growth Growth, taking the UK Down Down Down
The difference laid bare between working in Customer Services, 6 Form Politics, rabble rousing for 14 years, and actual reality.