A new tax bracket of 45p in the pound for those earning between 75,000 and 125,140 a year has been announced by Scotland’s Deputy First Minister Shona Robison in her Budget statement.The move came as Rishi Sunak told MPs at Westminster that Scotland was getting record funding from central Government.
Scottish income tax is more complex than south of the border and means that there was already a:
* Personal Allowance which goes up to 12,570 before paying the levy
* Starter rate of 19 per cent for earnings between 12,571 to 14,732
* Basic rate of 20 per cent for income of 14,733 to 25,688
* Intermediate rate of 21 per cent for those on between 25,689 to 43,662
* Higher rate of 42 per cent for earnings between 43,663 to 125,140
* Top rate of 47 per cent for incomes over 125,140
The SNP also stood accused of making false claims against the UK Government after alleging that Conservative policies are making Scots poorer.
Scotland’s SNP-led government on Tuesday to unveiled its budget for next year and blames a fiscal black hole on a failure by London to protect public services.
Analysis of House of Commons Library data shows that Londoners on average have paid almost the same amount into the UK budget that Scots receive from it - just over 4,300 in 2021/22 on a net basis.
Among UK regions, only London and Southeast England were net contributors to the national budget, thanks largely to the City’s outsized role as the engine of the services-based economy.
London Minister Greg...
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