Experience tells me that it takes at least ten, and sometimes quite a lot more years for ideas of the sort that I am engaged in promoting to turn from a blog post to reality. Meanwhile, I am always told that I am wrong.
The old saying was first they ignore you. Then they mock you. Then they get very angry. Finally, they adopt your idea and claim it was theirs all along. It looks like that on tax reform we have jumped straight to stage three.
So is freezing tax allowances during a period of inflation grossly unfair.
I started insisting that we should increase tax allowances – to make up for the way they’d been frozen against inflation – back in about 2004 or so. On this very blog. We won, too, with the Coalition, it took until about 2017 or so to fully get there with income tax, later for NI. It’s even possible to prove that point – my insistence was to raise the allowance to the full time, full year, minimum wage. £12,500 was that, in the year they announced that was their ambition.
And guess who insisted all those years that raising the personal allowance was not the right way to lighten the tax burden?
Can you guess?
Indeed, it is the man now insisting that not following my plan is unfair.