fbpx
Connect with us
https://propermanchester.com.temp.link/wp-content/uploads/2019/11/secret-suppers-advert.jpg

News

People earning above £19.5k ‘should pay more tax after pandemic’, think-tank says

Thoughts?

Avatar photo

Published

on

Anyone who earns more than £19,500 per year ‘should pay more tax’, according to a plan put forward to help fix the UK’s finances after the Covid-19 pandemic.

A think-tank has put forward a proposal for a £40billion tax hike plan that would help pay back the money used to alleviate the effects of the crisis – which so far has seen record peacetime borrowing.

According to the Resolution Foundation, the country needs a range of tax changes by the middle of the decade to avoid returning to austerity.

The Treasury borrowed £208billion in the first six months of the financial year, which is up £175billion from the same period in 2019, according to the latest official figures.


The think-tank put forward a proposed ‘health and social care levy’, which would see a 4% tax on all incomes over £12,500, offset by both a 3% cut to employee national insurance and getting rid of Class 2 National Insurance contributions for self-employed workers.

It claims the move would not penalise low paid workers and the self-employed – who have been badly affected by restrictions during the pandemic – and that it would raise £17billion annually, with a suggested £6billion going to social care.

The study says: “These offsets would leave employees earning £19,500 and below better off, as well as self-employed workers earning less than £17,000”.

It also suggests a ‘pandemic profit levy’, which would see a windfall tax on firms that have benefited financially from the coronavirus crisis, like supermarkets and private firms on government contracts.


Another suggestion was wealth tax rises of £9billion, with restrictions on capital gains and inheritance tax reliefs, and homes which are worth more than £2million paying an extra council tax supplement.

While Chancellor Rishi Sunak wants to start balancing the books and has warned of hard choices ahead, he also effectively ruled out widespread tax hikes next year – saying the government is committed to supporting the economy and people’s jobs.

James Smith, the Resolution Foundation research director, said: “The Government is rightly focused on fighting Covid-19, and will then need to turn to securing the recovery for several years to come. But the daunting task of repairing the public finances lies ahead, with tax rises of £40 billion likely to be required.

“As well as repairing the public finances, the Chancellor’s consolidation plan should help the country address many of the non-Covid challenges Britain faces – from tackling insecure work to properly funding our social care system, whose weaknesses have been tragically exposed during this crisis.

“To do this, the Chancellor should combine tried-and-tested revenue raisers with major reform of wealth taxation and a new Health and Social Care Levy. This would ensure that post-Covid tax rises reflect the very uneven nature of this crisis, but also play a part in building a better country after it.”

You can read the report in full here.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Man arrested in connection with death of Gogglebox star George Gilbey

He has been arrested on suspicion of gross negligence manslaughter, police say

Avatar photo

Published

on

@georgegilbey / Instagram

A man has been arrested in connection to the death of television personality George Gilbey who died after suffering a fall at work.

Essex Police said it was called to an incident at a road in Shoebury, near Southend-on-Sea, following a report that a man had fallen from a height while at work.

An air ambulance was in attendance but sadly, the 40-year-old died at the scene.

@georgegilbey / Instagram

A spokesperson for Essex Police said: “We received a report of an incident at Campfield Road in Shoebury at around 10am this morning (March 27), during which a man who was working at height had fallen and sustained an injury.

“The ambulance service including air ambulance were in attendance. Sadly, the man died at the scene. We will continue liaising with partners including the Health and Safety Executive (HSE). A cordon remains in place at the scene.”

Gilbey, a self-employed electricain, starred in eight series of Channel 4’s Gogglebox  alongside his mother Linda McGarry and stepfather Pete McGarry, who passed away at the age of 71 in 2021. Gilbey also Celebrity Big Brother on Channel 5 in 2014, finishing fourth.

Channel 4 Gogglebox shared a statement on its official X account, saying: “George was part of the Gogglebox family for eight series alongside his mum Linda and step-dad Pete.

“Our thoughts and deepest condolences are with Linda, and George’s family and friends at this very sad time.”

Tributes from friends and fans have been pouring in online, as one person said: “Rest in peace George, thanks for all the laughs you gave me over the years. Bet Pete’s waiting for you with a pint xxx.”

Another wrote: “Thinking of your family. I’m so sorry to your mum especially. so much grief to deal with in such a short time the world can be so cruel.”

Celebrities have also been sharing tributes online after hearing the tragic news.

EastEnders actress Daniella Westbrook shared a photo of Gilbey and his mum on Instagram, and wrote beside it: “Goodnight, my darling friend George. I’m absolutely gutted.”

In a post on X, former Geordie Shore star Ricci Guarnaccio, and Celebrity Big Brother co-star, wrote: “Breaks my (heart) but @georgegilbey you are well and truely going to be missed my friend. Always lit up the room, cared for others & the memories we made I’ll cherish for ever brother. From CBB to speaking to you last week, I’m going to hugely miss you ma boiii! Love you G.”

And, Simon Minty wrote on Instagram: “So sorry to hear this. I really enjoyed watching George. Condolences to Linda and family.” 

In the latest update, police said the arrested man was in his 40s and from the Witham area of Essex, and that further updates would be announced ‘proactively’. The force said he was arrested on ‘suspicion of gross negligence manslaughter’.

Continue Reading

News

Police issue urgent appeal to find missing man from Tameside

Have you seen David?

Avatar photo

Published

on

Greater Manchester Police

Greater Manchester Police has issued an urgent appeal to help find a man who was last seen in Tameside in the early hours of yesterday.

David, 40, was last seen on Sands Walk, Hyde, at around 12am on Wednesday March 27th.

He is believed to still have his mobile phone on him and to be somewhere in the Greater Manchester area, police say.

David is described as a white male, around 6 ft 2 ins tall, of slim build and a bald head with red facial hair. He also has tattoos on his arms and legs.

He was last seen wearing jeans, a black t-shirt and a black hoodie.

Anyone who has seen David or who may have any information about his whereabouts is urged to contact GMP on 0161 856 9325.

 

Continue Reading

News

Gogglebox star George Gilbey dies after fall from height at age 40

RIP George

Avatar photo

Published

on

@georgegilbey / Instagram

Television personality George Gilbey who starred on Gogglebox has died after suffering a fall at work.

Essex Police said it was called to an incident at a road in Shoebury, near Southend-on-Sea, following a report that a man had fallen from a height while at work.

An air ambulance was in attendance but sadly, the 40-year-old died at the scene.

@georgegilbey / Instagram

A spokesperson for Essex Police said: “We received a report of an incident at Campfield Road in Shoebury at around 10am this morning (March 27), during which a man who was working at height had fallen and sustained an injury.

“The ambulance service including air ambulance were in attendance. Sadly, the man died at the scene. We will continue liaising with partners including the Health and Safety Executive (HSE). A cordon remains in place at the scene.”

Gilbey starred in eight series of Channel 4’s Gogglebox  alongside his mother Linda McGarry and stepfather Pete McGarry, who passed away at the age of 71 in 2021. Gilbey also Celebrity Big Brother on Channel 5 in 2014, finishing fourth.

Channel 4 Gogglebox shared a statement on its official X account, saying: “George was part of the Gogglebox family for eight series alongside his mum Linda and step-dad Pete.

“Our thoughts and deepest condolences are with Linda, and George’s family and friends at this very sad time.”

Tributes from friends and fans have been pouring in online, as one person said: “Rest in peace George, thanks for all the laughs you gave me over the years. Bet Pete’s waiting for you with a pint xxx.”

Another wrote: “Thinking of your family. I’m so sorry to your mum especially. so much grief to deal with in such a short time the world can be so cruel.”

Celebrities have also been sharing tributes online after hearing the tragic news.

EastEnders actress Daniella Westbrook shared a photo of Gilbey and his mum on Instagram, and wrote beside it: “Goodnight, my darling friend George. I’m absolutely gutted.”

In a post on X, former Geordie Shore star Ricci Guarnaccio, and Celebrity Big Brother co-star, wrote: “Breaks my (heart) but @georgegilbey you are well and truely going to be missed my friend. Always lit up the room, cared for others & the memories we made I’ll cherish for ever brother. From CBB to speaking to you last week, I’m going to hugely miss you ma boiii! Love you G.”

And, Simon Minty wrote on Instagram: “So sorry to hear this. I really enjoyed watching George. Condolences to Linda and family.” 

Continue Reading

Receive our latest news, events & unique stories

Privacy and data policy

We may earn a commission when you use one of our links to make a purchase

Copyright © 2024 Manchester's Finest Group