Hunt’s Evolution Fact: Rich People Still Save 5 Times More Than Average Because of Tax Cuts
After markets clearly delighted with Jeremy Hunt’s commitment to reversing nearly all of Kwarteng’s actions, now comes the quiet analysis. Is Hunt’s new plan as good as it sounds? According to Resolution, a British think-tank, the wealthy will continue to save five times the average household in the UK thanks to lower taxes. In addition, they confirmed from the Institute of Fiscal Studies that the additional 32,000 million pounds that Hunt says they will raise through the new measures “will not fill the gap in the government’s balance sheet.”
#JeremyHunt
#tax cut
#United kingdom
#markets
#Economie
# martavelar
#British government
# Hahahahahahahaha
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