Loading ...The top rate of income tax was 83%. But then there was an investment income surcharge which was obviously not a tax because it’s called a surcharge, so if you had high income and investment income your tax rate was 98%. That was before VAT was introduced. In Sweden, the tax rate was 102%, so I guess the limeys were lucky.
Now you’ve got 20% VAT on what you spend, and whatever Reeves is proposing to screw out of you for income tax, plus taxing unrealised gains on your house; and next on everything else. Perpetual stamp duties. Capital controls will be next to stop you leaving the country (last seen in the sixties).
If only the country could go to the dogs. They live better than this.