Sunday, March 1, 2026
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Douglas Ross: U-turn on top rate of income tax ‘the right decision’

by Elizabeth Arnold
October 4, 2022
in Finance
Reading Time: 4 mins read
A A
0
Home Finance
Share on FacebookShare on Twitter

Abandoning a plan to abolish the 45p top rate of income tax for the highest earners is “the right decision” by the Chancellor, Scottish Conservative leader Douglas Ross has said.

He told a fringe event at the Conservative Party conference in Birmingham that politicians “have to listen and respond and that is exactly what the Chancellor has done”.

Mr Ross said: “This morning we know that the Chancellor has confirmed a change to the budget that was presented 10 days ago.

“I think he’s made the right decision – the best parts of the Government’s growth plan going forward remain and the area that caused most concern has gone. Politicians have to listen and respond and that is exactly what the Chancellor has done.”

Taking questions, he told the PA news agency: “What we have seen is an immediate response from the markets as a result of the change announced by the Chancellor, but we have to continue to look at the positive aspects of the budget.

“For me, there’s a lot of positivity in there that can deliver for the people I represent in Moray, in the Highlands, across Scotland and across the UK.”

On benefits, he told members during the Q&A: “The Government also have to protect the most vulnerable, and I am certain that the Government led by Liz Truss will do that to ensure that people have opportunities to support themselves and their families, and we have seen that the Conservative Parliamentary Party which Liz leads, and in her role as Prime Minister, will make sure that those who need the most will get it when they need it most.”

During his speech, Mr Ross said his background was “as far away as possible from Eton and the City of London”.

He turned his fire on the SNP Scottish Government for being “obsessed with centralisation that has stripped funding from communities and local services”.

He said: “The result after 15 years of the SNP’s Scotland is that the place where you live has a huge impact on the quality of life you will have.”


The Scottish Conservatives are Scotland’s real alternative to this tired and failing SNP Government

Douglas Ross

On educational attainment, Mr Ross said: “The reality is, under the SNP, kids from the most deprived areas of Scotland are less likely to go to university than similar disadvantaged youngsters in England and Wales.

“For a First Minister and an SNP Government forever boasting about how ‘progressive’ they are, that is a shameful badge of failure.”

He said the Scottish Conservatives would set up a National College of Scotland “so that further education and training is available virtually wherever you live”.

He added that it would adopt a “rural first” approach, and said: “We will also ensure that every policy is rural-proofed so that the resources are in place for it to be rolled out in more sparsely populated areas.”

Setting up a Rural Development Bank “would provide dedicated funding for projects that will create jobs and prosperity in rural areas or support our agricultural sector”.


His party haven’t come close to winning an election here in almost 70 years

Rona Mackay

Mr Ross added: “So today we continue to show that on education, economic development, housing and many other areas the Scottish Conservatives are Scotland’s real alternative to this tired and failing SNP Government.”

His party “would work with the UK Government rather than manufacture grievance at every turn”.

SNP MSP Rona Mackay said Mr Ross had a “brass neck”, accusing him of “(lecturing) a room full of Tories about what Scotland needs when his party haven’t come close to winning an election here in almost 70 years”.

“There is one Government that is holding Scotland back – one that has tanked the UK economy, prompted an unprecedented intervention from the Bank of England and imposed a deeply damaging Brexit on Scotland against our will.

“Last week, Douglas Ross urged the SNP to pass on tax cuts for the rich at the expense of the poorest in our communities.

“Now he says ditching the plan is the right thing to do.

“The public simply can’t believe a word that comes out of his mouth, and it seems his own side are now losing confidence in him given the reports of plotting to oust him as Holyrood leader.”



Source link

Tags: DecisionDouglasIncomerateRossTaxTopUturn
Previous Post

Credit Suisse shares pare losses after earlier plunging as much as 10%

Next Post

How To Set Them Up & What To Avoid

Related Posts

Stocks Settle Lower as Bank Shares Tumble and Tech Stocks Fall

Stocks Settle Lower as Bank Shares Tumble and Tech Stocks Fall

by Barchart
February 28, 2026
0

The S&P 500 Index ($SPX) (SPY) on Friday closed down -0.43%, the Dow Jones Industrial Common ($DOWI) (DIA) closed down -1.05%, and the Nasdaq...

Gen X to spend over 0 billion worth of goods and services by FY30 : RedSeer Report

Gen X to spend over $500 billion worth of goods and services by FY30 : RedSeer Report

by Index Investing News
March 1, 2026
0

Gen X is anticipated to eat over $500 billion value of products and providers by FY30 fuelling demand for numerous...

Links 2/28/2026 | naked capitalism

Links 2/28/2026 | naked capitalism

by Yves Smith
March 1, 2026
0

MIT research finds Earth’s first animals have been doubtless historic sea sponges Science Every day (Kevin W) How far again...

Fino Payments Bank CEO Arrested: FM Sitharaman to ‘check’ GST evasion case

Fino Payments Bank CEO Arrested: FM Sitharaman to ‘check’ GST evasion case

by Anuradha Shukla
February 28, 2026
0

Finance minister Nirmala Sitharaman mentioned Saturday she would “examine” into the arrest of CEO and managing director of Fino Cost...

Are Dorsey’s giant job cuts the start of an AI jobs apocalypse? Economists weigh in

Are Dorsey’s giant job cuts the start of an AI jobs apocalypse? Economists weigh in

by Jeff Cox
February 27, 2026
0

Block CEO Jack Dorsey's transfer to chop practically half the corporate's workforce is shining a highlight on a rising query...

More than 300,000 lose benefits as DWP makes major changes – and more could follow

More than 300,000 lose benefits as DWP makes major changes – and more could follow

by Albert Toth
February 28, 2026
0

Get the free Morning Headlines e-mail for information from our reporters internationallySignal as much as our free Morning Headlines e-mailSignal...

Next Post
How To Set Them Up & What To Avoid

How To Set Them Up & What To Avoid

Mike Lindell Could Be Toast As Clarence Thomas And Right Wing SCOTUS Refuse To Save Him

Mike Lindell Could Be Toast As Clarence Thomas And Right Wing SCOTUS Refuse To Save Him

Gulf states reveal interception data after Iran strikes

Gulf states reveal interception data after Iran strikes

March 1, 2026
Netflix actually won by walking away from the WBD bid, collecting a .8B termination fee and driving up the price and debt load of the Paramount-WBD merger (Dan Gallagher/Wall Street Journal)

Netflix actually won by walking away from the WBD bid, collecting a $2.8B termination fee and driving up the price and debt load of the Paramount-WBD merger (Dan Gallagher/Wall Street Journal)

March 1, 2026
Despite antiwar MAGA wing, Trump gets Republican support for Iran strikes | Donald Trump News

Despite antiwar MAGA wing, Trump gets Republican support for Iran strikes | Donald Trump News

March 1, 2026
Iran Launches Retaliatory Strikes Against Israel and U.S. Bases

Iran Launches Retaliatory Strikes Against Israel and U.S. Bases

March 1, 2026
Why grifting the right is so lucrative

Why grifting the right is so lucrative

March 1, 2026
Mexican authorities hand over body of ‘El Mencho’ to his family

Mexican authorities hand over body of ‘El Mencho’ to his family

March 1, 2026
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Gulf states reveal interception data after Iran strikes

Netflix actually won by walking away from the WBD bid, collecting a $2.8B termination fee and driving up the price and debt load of the Paramount-WBD merger (Dan Gallagher/Wall Street Journal)

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In