Forget levelling up: Rishi Sunak is deliberately increasing tax injustice
A wise tax plan silently vanished last week. The chancellor was due to narrow a notorious tax loophole for the wealthy by raising capital gains tax. Now, in a quiet reverse ferret, he won’t. You might think any chancellor in these harsh times would collect what they could, and that this policy would be voter friendly, raising large sums from a few of the richest. But it would no doubt displease Tory donors and the influencers who will choose their next leader.
Besieged by urgent spending pleas, Rishi Sunak can’t pretend he doesn’t see the arid social landscape after a decade of depredation. One fragile sector after another teeters towards public scandal. Will a report on the murder of six-year-old Arthur Labinjo-Hughes expose the brutal cuts
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