earlier Conservative minister called the mini of the government budget to announce tax austerity for the rich “wrong”.
Former Secretary of Northern Ireland Julian Smith attacked the measures, including the abolition of the highest tax rate of 45p.
The MP for Skipton and Ripon tweeted: “In a statement containing many positive corporate measures, this massive tax cut for the very wealthy at a time of national crisis and real fear and anxiety among low-income workers and citizens is wrong.
Others piled on social media in response to the MP’s tweet.
Guy Cavaleri, tweeted in response to the MP’s tweet: “Finally a Tory MP with honesty and backbone. thank you julian. your fellow Tory MPs are blind, it is shocking.”
Al Sam tweeted: “If you forget for a moment whether the rich or the poor benefit, how can a government come up with such a plan that is so poorly received by the markets? Do you not have any kind of quality control on your policy?”
Under the mini-budget, the basic income tax rate will be reduced to £19 pence from April 202, meaning 31 million people will be better off on average £170 a year.
The 45% higher rate of income tax will be abolished under the mini-budget, which will also remove a limit on banker bonuses.
The basic income tax rate will be reduced to £19 pence from April 2023, meaning 31 million people will be better off on average £170 a year.
It has already been announced that the April national insurance increase will be rolled back from November 6, saving money for businesses and 28 million workers. The 1.25 percentage point increase was introduced under the former chancellor Rishi Sunak.
However, Chancellor Quasi Quarteng has maintained that it was “absolutely fair” to cut taxes across the board.
he and me Prime Minister Liz Truss visited a production facility in Kent on Friday afternoon, where they observed the robotic arm’s welding process, spoke to students and met staff on the wall finishing line.
Responding to a suggestion that the tax cuts are not fair, Mr. Kwarteng said: “It is absolutely fair to cut people’s taxes and, as you have admitted, make people keep more of what they earn.
“The path we walked was just untenable.
“We can’t just raise taxes indefinitely and hope we get wealth.”