{"id":135322,"date":"2023-12-19T15:39:48","date_gmt":"2023-12-19T15:39:48","guid":{"rendered":"https:\/\/finbestnews.com\/?p=135322"},"modified":"2023-12-19T15:39:48","modified_gmt":"2023-12-19T15:39:48","slug":"snp-blasted-after-scottish-budget-confirms-huge-tax-hike-for-those-on-70000","status":"publish","type":"post","link":"https:\/\/finbestnews.com\/politics\/snp-blasted-after-scottish-budget-confirms-huge-tax-hike-for-those-on-70000\/","title":{"rendered":"SNP blasted after Scottish Budget confirms huge tax hike for those on \u00a370,000"},"content":{"rendered":"<h3>Humza Yousaf reacts to being called &#8216;useless&#8217; on word cloud<\/h3>\n<p>The SNP Government has been slammed after unveiling a new tax band that will hammer hard-working Scots.<\/p>\n<p>Finance Secretary Shona Robinson delivered her \u2018budget\u2019 in Holyrood this afternoon, with the government in a desperate bid to plug a \u00a31.5 billion black hole.<\/p>\n<p>Ms Robinson confirmed that she is introducing a new tax band for those earning \u00a375,000 to \u00a3125,140.<\/p>\n<p>The so-called \u201cadvanced\u201d rate will see those unlucky enough to fall within the band taxed at 45 percent.<\/p>\n<p>Those earning over \u00a3125,140 will also see their taxes raised from 47p to 48p.<\/p>\n<p>Our community members are treated to special offers, promotions, and adverts from us and our partners. You can check out at any time. More info<\/p>\n<p> <strong> READ MORE: <\/strong> <strong>SNP told &#8216;the stats don\u2019t lie&#8217; after figures show tax claim is &#8216;bogus&#8217;<\/strong><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/139\/590x\/secondary\/5123241.jpg?r=1703000114965\"><\/p>\n<p>While the tax hikes will hurt working Scots during a cost-of-living crisis, in total they raise just \u00a3307 million for Ms Robinson\u2019s coffers &#8211; well below the \u00a31.5 billion black hole.<\/p>\n<p>Following the PM calling rumoured tax rises \u201cdisappointing\u201d, the SNP have been blasted for their economic management and today\u2019s fiscal choices.<\/p>\n<p>The Scottish Tory leader Douglas Ross pointed out that he had \u201cnever sat through a budget speech that didn\u2019t have a single pause for applause or support from the backbenchers\u201d.<\/p>\n<p>\u201cEven the SNP backbenchers couldn\u2019t muster any enthusiasm for the budget from Shona Robison and Humza Yousaf that fails to support businesses and puts up taxes.\u201d<\/p>\n<p>Scottish Conservative MP and minister Andrew Bowie blasted the tax rise, calling it \u201cAnti aspiration. Anti business. Anti growth. Anti success\u201d.<\/p>\n<p>\u201cWelcome to SNP Scotland.\u201d<\/p>\n<p> <strong> Don&#8217;t miss&#8230; <\/strong> <br \/> <strong>Liz Truss sparks Tory trans rebellion after let down over new schools guidance[LATEST] <\/strong> <br \/> <strong>Backlash as MPs pocket \u2018infuriating\u2019 massive pay rise[LATEST] <\/strong> <br \/> <strong>Rishi Sunak hit by Tory Palestine rebellion as senior MPs call for ceasefire[LATEST] <\/strong><\/p>\n<ul>\n<li> <svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/path> <\/path> <\/g> <defs> <clippath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"><\/rect> <\/clippath> <\/defs> <\/svg> Support fearless journalism<\/li>\n<li> <svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/path> <\/path> <\/g> <defs> <clippath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"><\/rect> <\/clippath> <\/defs> <\/svg> Read The Daily Express online, advert free<\/li>\n<li> <svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/path> <\/path> <\/g> <defs> <clippath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"><\/rect> <\/clippath> <\/defs> <\/svg> Get super-fast page loading<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.images.express.co.uk\/img\/logo\/logo-premium-subscription.png\"><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/139\/590x\/secondary\/5123245.jpg?r=1703000115046\"><\/p>\n<p>Murdo Fraser, a senior MSP, said the party\u2019s \u201cmuch-vaunted \u2018New Deal for Business\u2019 now lies in tatters\u201d after the country\u2019s tax gap with England was further widened.<\/p>\n<p>He added that the SNP-Green coalition government is \u201cdetermined to destroy what is left of the Scottish economy\u201d.<\/p>\n<p>Spectator editor Andrew Neil also pointed out that half of every pay rise someone over \u00a375,000 gets will now go to the SNP administration.<\/p>\n<p>He also said Scotland has so few high earners that the total revenue from the two higher-rate tax bands will bring in just \u00a360 million &#8211; possibly less as taxpayers change their behaviour and pension planning to avoid the 47p rate.<\/p>\n<p>While the SNP pride themselves on being more generous than the UK Conservative government, Scotland has one of the largest deficits as a percentage of GDP than most of the developed world.<\/p>\n<p>Scotland stands at 9 percent compared to the UK\u2019s 5.2 percent.<\/p>\n<p>Despite the fiscal black hole and huge deficit facing Scotland, Ms Robinson announced a \u00a31.5 million giveaway to cancel school meal debt in schools; \u00a343 million to expand free school meals; \u00a350 million for children in care; \u00a3550 million for affordable housing; and \u00a3550 million for frontline NHS boards.<\/p>\n<p>Source: <a href=\"https:\/\/www.express.co.uk\/news\/politics\/1847281\/SNP-financial-statement-tax-hike\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Humza Yousaf reacts to being called &#8216;useless&#8217; on word cloud The SNP Government has been slammed after unveiling a new tax band that will hammer hard-working Scots. Finance Secretary Shona Robinson delivered her \u2018budget\u2019 in Holyrood this afternoon, with the government in a desperate bid to plug a \u00a31.5 billion black hole. Ms Robinson confirmed that she is introducing a [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":135321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SNP blasted after Scottish Budget confirms huge tax hike for those on \u00a370,000 - Finance Best News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/finbestnews.com\/politics\/snp-blasted-after-scottish-budget-confirms-huge-tax-hike-for-those-on-70000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SNP blasted after Scottish Budget confirms huge tax hike for those on \u00a370,000 - Finance Best News\" \/>\n<meta property=\"og:description\" content=\"Humza Yousaf reacts to being called &#8216;useless&#8217; on word cloud The SNP Government has been slammed after unveiling a new tax band that will hammer hard-working Scots. 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