It is getting a bit depressing politicians rewarding their supporters at the expense of others. It was done by the coalition, it was done by the previous Labour administration, it's being done to
maybe an even greater extent by the current government.
There are a bunch of things that should be fixed with regards to income tax, alongside a bunch of things that should be fixed with regards to wealth taxes, however the current administration's client group pretty much precludes shifting the burden from earned to unearned income.
The Chancellor is an excellent politician however the politics are far too evident in his handling of the economy and here comes the fallout. He's constantly taking his own flexibility away to score political points with things like the triple lock on pensions, the commitment to running a surplus in 'normal' times, etc. The down side being whenever things don't go his way, which is pretty often as he seems to have little clue what he's doing, it's panic stations.