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Amfear Liathmor
Sky News
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Comments by "Amfear Liathmor" (@amfearliathmor9747) on "Shadow environment secretary Steve Reed reiterates Labour's tax plan" video.
The UK Government borrowed £20 Billion last month, which is the equivalent of £240 Billion per annum. Basic Income 1p tax rise would raise £5.5 Billion, therefore to balance the Government Budget would require an increase of more than 43% to raise basic income tax from 20% to 63% for every £1 earned and the next Labour Government has said thay there will be no tax increases.
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