17/08/2026
‼️ For anyone in any doubt of what a disaster the current Labour has been, since they came to power just 25 months ago, take a look at this eye watering list of increased taxes introduced in that time! 👀
A list of 34 tax increases 😳, which I would wager touches every single person reading this post and averages roughly 1 tax increase EVERY 3 WEEKS!!! The terrifying thing is, there is more to come in Andy Burnham's "Borrow, Tax & Spend" budget in October..... 😭😫
* Employer National Insurance increased from 13.8% to 15%
* The employer NI threshold cut from £9,100 to £5,000
* Income Tax and National Insurance thresholds frozen until 2031
* Capital Gains Tax increased from 10% and 20% to 18% and 24%
* Business Asset Disposal Relief increased from 10% to 14%, then 18%
* Investors' Relief increased and its lifetime allowance cut from £10 million to £1 million
* Carried interest taxation increased and moved towards the Income Tax regime
* Dividend tax rates increased by two percentage points
* Savings-income tax rates increased by two percentage points
* Property-income tax rates increased by two percentage points
* Most unused pension funds brought into the Inheritance Tax net
* Agricultural Property Relief restricted
* Business Property Relief restricted
* Inheritance Tax thresholds frozen for longer
* The non-dom regime replaced with a more extensive residence-based system
* VAT imposed on private school fees
* Business-rates relief removed from private schools
* Stamp Duty increased on second homes and buy-to-let properties
* The Furnished Holiday Lettings tax regime abolished
* Pensions salary-sacrifice benefits capped at £2,000 before National Insurance applies
* The Cash ISA allowance cut to £12,000 for most under-65s
* Restrictions introduced on transfers and cash-like holdings within ISAs
* The Energy Profits Levy increased and extended
* Investment allowances for oil and gas producers reduced
* A new Va**ng Products Duty introduced
* To***co duties increased above inflation
* Vehicle Excise Duty increased for many new cars
* Electric vehicles brought in to the Vehicle Excise Duty Scheme
* A new mileage tax announced for electric and plug-in hybrid cars
* Air passenger Duty increased
* Climate Change Levy rates increased
* Plastic Packaging Tax increased
* A new Carbon Border Adjustment Mechanism introduced
* Making Tax Digital extended to more landlords and self-employed people
[Source Patrick Christys' show on GB News 17.08.26]
