Sunday 19 November 2017

Jerome Reilly: What it is really costing us – 'the coping classes' – just to survive

Startling figures from Insolvency Service show families being cut back to the very bone.

Jerome Reilly

Jerome Reilly

DAVID Drumm and his ilk have put on a crown of thorns and claimed victimhood over the drip-drip-drip of details from the Anglo Tapes, but it is the ordinary people, the so-called 'coping classes', who are really being crucified by bankers' fecklessness, regulators' incompetence and Government stupidity.

Ordinary families lucky enough to be still working pay more income tax than at the height of the boom, and have been hit with the household charge, the Universal Social Charge, carbon tax, higher health insurance, a second home tax, a pension levy, a property tax, an insurance levy and a domicile levy.

VAT is up to 23 per cent, capital gains tax is up, third level fees have increased and tax on savings through DIRT has been ramped up. Car tax has been steadily rising, and excise duty rates are still on an upward path.

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