and now we're almost in a surplus... somehow... from a 100bn deficit

@JackH670 #CurseDominicRaab is trending

You're not in a surplus, tax revenue from corporation tax and higher rates increased in line with the laffer curve, but other revenue increases will come from reduced joblessness and increased population

its up from production

even on income tax (because of cuts)

up on VAT

Why

dunno.. twitter hates tories?

also he dared to defend fact checkers

interesting... tax revenue went up almost exactly what the deficit was

that explains the increases in nhs spending

and why we are not quite yet into surplus

looks like scotland is losing pace https://www.instituteforgovernment.org.uk/sites/default/files/chart-images/Tax%20revenue%20by%20nation%20since%201999.png

Need to scrap VAT on fuel

the vat part is only 5% I think

17.5% on diesel and petrol

theres all sorts of other taxes in fuel

sorry 20%

Either way, fuel isnt' a luxury, it's an essential, scrap VAT on it

depends on what you mean by fuel

heating oil, diesel, petrol, gas

your energy bill for your home is 5% vat

5% too much

More important to scrap VAT on fuel than to increase the tax-free allowance

vat is a tool you want to keep in the emergency case of a recession

if there is a recession they can reduce it to 15% or something

Nobody is suggesting scrapping VAT entirely, just removing it from essentials where tax is disproportionately affecting the poor

and further if necessary...

if you reduce it now it wont be as effective

Then you want to keep people poor

Tax breaks for the wealthy, fuck the poor up the arse - it's the Tory way

Hell will freeze over before they address the cost of living

its not fckin the poor ... its being responsible

its telling people they can have desert when they finished their meal

its telling the kid they cant have another chocolate bar, theyve just had one

It really isn't though

youre not starving the kid... youre being responsible

I can't afford to upgrade the heating or insulation in my house, yet the council fleeces the fuck out of me so they can give grants to already wealthy private landlords

we're in one of the wealthiest nations, its not like we're not offering free housing etc

Give tax breaks to the wealthy instead of reducing tax on essentials

yeah I need to upgrade my heating too...