Actually it shows this
Quote:
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Those on the highest incomes have been hit by measures such as the loss of the tax-free allowance for people earning above £100,000, loss of child benefit for higher earners and restrictions on how much they can contribute tax-free to their pensions.]
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Loss of a Tax free allowance for those earning over 100K wtf did they get that for anyway.
Loss of child benefit. Awww didumms they needed that £20 a week to support their kids didn't they
What they can contribute tax free to pensions. Well someone on over 1 million deserves to be skint if they spend it all before they grow old
I spend every penny I get ,most on benefit spend all there money so it stays in the economy. The rich are keeping hold of their money because of low interests so they are investing elsewhere not in banks meaning the banks have no money to lend low investment and the poor GDP
I would not say the exchequer is solvent as its not able to pay debts its still borrowing so by definition its not solvent