Ryan King

What a chart.

Govt wrong to keep the Plan 2 student loan threshold frozen at £29,385 for three years. This means more graduates on low incomes paying a 37% marginal tax rate and no effort to repair a breach of trust.

'The minister has very bravely offered to go through some of the charts from the budget' @dantomlinsonmp joins @EdConwaySky at the screen to talk through the numbers behind today's announcement trib.al/WOFfeba 📺 Sky 501, Virgin 602

Let’s welcome into the world the UK’s new 53% tax rate, for pensioners earning between £12,570 and £13,037:

UK new minimum wage: £27,456 per year. Higher-rate tax bracket: £50,270. 1.8x difference today. It was a 5x difference in 1997.

A welcome change to the First Time Buyers ISA due to launch in 2029. The original plans meant you only get the 25% bonus on the contribution not interest, we and many others said this was a downgrade. Now at exchange you get a 25% on everything in your account up to £20,000 (so £5,000 max bonus). #budget2026

UNCONFIRMED: Reports in FT 2027 cash isa reduction for under 65s to £12,000 to be scrapped so it will stay at £20,000.

JUST IN: Anthropic says they’re highly profitable if you take out some of their biggest expenses.

£277m is an insane amount of money, But - and I’m not defending her here/don’t want to be that guy - I assume she would’ve paid 39.35% dividend tax on pretty much all of this? That’s ~£110m of tax for the UK government.

Bet365 CEO Denise Coates paid herself £277,000,000 this year, and £410,000,000 in 2020. This was more than 20,000x the Minimum Wage that she paid most of her workers. The betting industry needs to be taxed, heavily.

Just having a little dance with my new knife....