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1/2 Beware the Tory tax con
Boris Johnson says he's going to make tax cuts.
But he doesn't mean VAT - the tax that hits working people hardest.
Over the last nine years, they've nearly doubled the amount of VAT we pay.
And those on lower incomes pay the highest percentage.
Boris Johnson says he's going to make tax cuts.
But he doesn't mean VAT - the tax that hits working people hardest.
Over the last nine years, they've nearly doubled the amount of VAT we pay.
And those on lower incomes pay the highest percentage.
2/2 The bottom 20% spend 9.7% of their income on VAT, while the top 20% spend 5.2%.
So the Tories haven't only cut services & benefits, they've also shifted taxation onto those who can least afford it.
When Johnson talks about tax cuts, he means for high earners & big business.
So the Tories haven't only cut services & benefits, they've also shifted taxation onto those who can least afford it.
When Johnson talks about tax cuts, he means for high earners & big business.
On average each household has seen its VAT bill increase by £2,000 plus a year under the Tories.
In 2009-10, the average household spent £2,592 on VAT.
By 2018-19, the average was £4,851.
How?
1/ The Tories hiked the rate from 17.5% to 20%.
2/ As prices rose, we paid more.
In 2009-10, the average household spent £2,592 on VAT.
By 2018-19, the average was £4,851.
How?
1/ The Tories hiked the rate from 17.5% to 20%.
2/ As prices rose, we paid more.
