Sam Bowman, editor of Works in Progress, criticizes UK fiscal policy and income tax threshold freezes at a panel hosted by Stripe and Startup Coalition.
“By 2029, so in four years, 17%
Of taxpayers are going to be higher rate taxpayers.
So, fiscal drift, which is just holding the bands constant and letting inflation push people into the higher rate, the 40, the 40, but really forty-two-pee rate is, I mean, more than doubling in the last, in, in 10 years, the number of people who are facing those really high marginal tax rates.”
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More from Sam Bowman
Insight
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“I think that when you look at, for example, the performance of listed companies, so the FTSE two 50, which is primarily like actually UK operating companies, has performed kind of catastrophically bad over the kind of past 15 years compared to the S&P 500. Lik…”
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