September 21 2022 at 1:00 pm
I notice on Twitter you’ve made the argument that Liz Truss’s and Kwasi Kwarteng’s reversal of the NI increase benefits the lower paid by 63p whilst the richer end gets £150 per month.
This sounds like you are opposing the decision to reverse Rishi Sunak’s NI increase after opposing the increase at the time.
Have I misunderstood?
The Institute for Fiscal Studies has warned that the richest taxpayers could gain £150 a month, with the poorest getting just 63p as a result of the tax cuts likely to be unveiled by Chancellor Kwasi Kwarteng after this week.
— Richard Murphy (@RichardJMurphy) September 19, 2022
Richard Murphy says:
September 21 2022 at 2:33 pm
Creating and reversals are not the opposite of each other