Budget Architect Torsten Bell’s Personal Support for Stealth Tax Hikes – Guido Fawkes

REVEALED: Budget Architect Torsten Bell’s Personal Support for Stealth Tax Hikes

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Torsten Bell personally raved about the revenue benefits of dragging millions of taxpayers into ever-higher rates. This is the man writing the budget…

Bell mused in a long essay some years ago in 2017 about the possibility of the Tories freezing income tax thresholds – something they eventually did:

“Raising money by ending the recent big increases in the Personal Tax Allowance is the right thing to do… indeed freezing thresholds for more than one year could raise very significant sums – a further 2023 freeze would save £5.5 billion a year.”

Torsten praised the stealth tax as a “progressive form of taxation with revenue raised coming overwhelmingly from better-off households.” Labour will probably designate anyone who earns above average as a non-working person just before the budget…

The freeze was extended until 2028 by the Tories. In 2023 Torsten noted that “there are some things spiralling that the Treasury can live with – like the revenues from freezing every income tax and national insurance threshold until 2027-28… we now project that the freeze could raise around £40 billion a year.” Greedy eyes in the Treasury now eyeing an extension of that tax…

Reeves pledged to unfreeze thresholds at the budget because failing to do so “would hurt working people.” When Starmer was asked to repeat that pledge before recess he refused…

The Treasury is madly briefing about different taxes it is considering raising in the budget. Now we know what the document’s author thinks would work. Taxpayers staring down Bell’s barrel…