It was budget day yesterday how was it for you?
Well, unless you are already rich, probably not that good.
The UK remains on track for a “disastrous decade” of stagnant incomes and high taxes, despite cuts to public services, the Resolution Foundation has said in its analysis of the budget on Wednesday.
The thinktank said taxes as a share of gross national product were on track to hit 37.7% by the end of the forecast, a 70-year-high and a 4.7% increase since 2019-20, the equivalent to nearly an extra £4,200 for every UK household.
Brexit Benefit?
Yes, but what is the Brexit benefit you said in the headline?!
Here it is, Mr Hunt said he would “significantly increase the generosity of draught relief” which he said he could not have been done inside the EU.
He told MPs: “From August 1 the duty on draught products in pubs will be up to 11p lower than the duty in supermarkets, a differential we will maintain as part of a new Brexit pubs guarantee. British ale may be warm, but the duty on a pint is frozen.”
The Chancellor even said the said the change will apply to “every pub in Northern Ireland” due to the Windsor Framework.
Let’s hope he get the next round (of talks) in, might get 2p off a bottle of Hooch for the good people of Belfast.
Here he is…
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Or simply this?
Related: Budget: Jeremy Hunt’s plans slammed – Best reactions
