The Money Podcast Government Increase Taxes AGAIN
Rob reflects on the recent autumn statement from the government, particularly focusing on taxation. Rob outlines why most people will now be paying MORE tax and reveals some shocking truths.
KEY TAKEAWAYS
- Many people believed that some big tax cuts were going to be announced but this hasn’t been the case. The government has instead
- There is no reduction in corporation tax.
- There are hidden costs, such as the increase in national minimum wage. The government don’t have any sources of revenue other than from taxpayers.
- Universal credit and other benefits have increased, including pensions, these are in no way a tax cut.
- We are at the lowest relative buying power since the Second World War, your cost of living and quality of life are at their worst in almost 100 years.
BEST MOMENTS
“I wouldn’t even say your taxes have been cut, I would say your taxes have in fact gone up”
“Employees are now going to get 2% cut on their national insurance”
“Well at least they have acknowledged that national insurance is a tax”
“What about the plethora of other businesses that have had it really hard?”
“Where the f*ck is the tax cut in that?”
“Stop paying billions in benefits, get people back to work, reward them and incentivise them for innovation, creation, for learning a skill”
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ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
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LinkedIn: https://uk.linkedin.com/in/robmoore1979
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