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The net tax collection for April-November stood at Rs 10.64 lakh crore, which is 23.4 per cent higher than the corresponding period of last year, the Ministry of Finance said. Gross collections, before issuing refunds, grew 17.7 per cent to Rs 12.67 lakh crore in the April-November period. Refunds amounting to Rs 2.03 lakh crore issued from April to November of the current fiscal.
boosted the national living wage on universal credit and pensioners. but the rank hypocrisy of it. as we saw last week, when it comes to his own special pension scheme. i mean, i said it last week, but i will say it again it is literally one law for him in a tax rise for everybody else. . him in a tax rise for everybody else. , , . else. here is the difference. i would scrap _ else. here is the difference. i would scrap his _ else. here is the difference. i would scrap his pension - would scrap his pension giveaway whether it affected me or not. he refuses to scrap the non—dom status that benefits him and his family. i can see why he's attracted to this non—dom thing. this prime minister is so removed from the country that he boasted he did not know a single working class person. so insulated from reality that he proudly told the tory garden party how he had
childcare _ the funding has been cut by 17% in a childcare from a 2017 onwards. so if we have _ childcare from a 2017 onwards. so if we have some of that back in, that's pointed _ we have some of that back in, that's pointed out, — we have some of that back in, that's pointed out, but we were ready to look at _ pointed out, but we were ready to look at the — pointed out, but we were ready to look at the details. am i happy that they're _ look at the details. am i happy that they're nicking our ideas? it means where'd _ they're nicking our ideas? it means where'd leading the agenda and we will do _ where'd leading the agenda and we will do so _ where'd leading the agenda and we will do so all the way into government and take the country in the direction it needs to go. we were the direction it needs to go. - were talking about growth or the lack of it in the uk since the pandemic bumping down at the bottom of the g7 pile, getting the growth is proving difficult. i'm going to show our viewers the daily telegraph front page with a headline that could be a revolt of conservative mps coursing the tax rise in the budget, talking about corporation tax, but are one you one of those i would like to see tax cuts in this budget? i would like to see tax cuts in this buduet? ., , a would like to see tax cuts in this buduet? ., , ,., budget? i need to pick you up on the fact that we — budget? i need to pick you up on the fact that we are _ budget? i need to pick you up on the fact that we are on _ budget? i need to pick you up on the fact that we are on the _ budget? i need to pick you up on the fact that we are on the bottom - budget? i need to pick you up on the fact that we are on the bottom of - fact that we are on the bottom of the pile on the g7...—
so if childcare from a 2017 onwards. so if we have _ childcare from a 2017 onwards. so if we have some of that back in, that's pointed _ we have some of that back in, that's pointed out, — we have some of that back in, that's pointed out, but we were ready to look at _ pointed out, but we were ready to look at the — pointed out, but we were ready to look at the details. am i happy that they're _ look at the details. am i happy that they're nicking our ideas? it means where'd _ they're nicking our ideas? it means where'd leading the agenda and we will do _ where'd leading the agenda and we will do so _ where'd leading the agenda and we will do so all the way into government and take the country in the direction it needs to go. we were the direction it needs to go. , were talking about growth or the lack of it in the uk since the pandemic bumping down at the bottom of the g7 pile, getting the growth is proving difficult. i'm going to show our viewers the daily telegraph front page with a headline that could be a revolt of conservative mps coursing the tax rise in the budget, talking about corporation tax, but are one you one of those i would like to see tax cuts in this budget? i would like to see tax cuts in this buduet? ., , a would like to see tax cuts in this buduet? ., , ,., budget? i need to pick you up on the fact that we — budget? i need to pick you up on the fact that we are _ budget? i need to pick you up on the fact that we are on _ budget? i need to pick you up on the fact that we are on the _ budget? i need to pick you up on the fact that we are on the bottom - budget? i need to pick you up on the fact that we are on the bottom of - fact that we are on the bottom of the pile on the g7...—
much bigger tax rise. the additional money raised is small. the obr has inflation going negative at one point but i think in 20242025, which is pretty remarkable, if we see it. you get hopefully these increases in energy and feed prices dropping out andindeed energy and feed prices dropping out and indeed fulling. in energy and feed prices dropping out and indeed fulling._ and indeed fulling. in terms of the ublic and indeed fulling. in terms of the public pressure — and indeed fulling. in terms of the public pressure on _ and indeed fulling. in terms of the public pressure on services, - and indeed fulling. in terms of the public pressure on services, you . public pressure on services, you said actually there are not going to be the cuts we might have expected in the next two years but inflation is still running high. there are already ongoing squeeze is on front line services, even if the extra cash is going into education and health stop some departments will really struggle over the next few years. really struggle over the next few ears. . . . really struggle over the next few ears. , , , ., years. the big struggle will be on wares. years. the big struggle will be on wages- all _ years. the big struggle will be on wages- all of _ years. the big struggle will be on wages. all of these _ years. the big struggle will be on wages. all of these assumptions | years. the big struggle will be on i wages. all of these assumptions on spending where sat a bit more than a year ago when the expected inflation to be 3%, 4%. —— when we expected
money has to come first, because inflation eats away at the pound in your pocket or pounding your bank account every bit as insidiously as taxes, because it pushes up the cost of your weekly shop.— of your weekly shop. everybody is ttoin to of your weekly shop. everybody is going to pay _ of your weekly shop. everybody is going to pay more _ of your weekly shop. everybody is going to pay more tax, _ of your weekly shop. everybody is going to pay more tax, public - going to pay more tax, public services are going to be reduced, you keep saying it's difficult and we have to do this but you do not have to do it like this, we will come to your plans for energy a bit later but one of the things we know you are going to do is freeze tax thresholds and that's why everybody will pay more tax. it's a bit sneaky to do that, isn't it? chancellors have done it before, you will not be the first to do it but essentially millions of people will be paying more tax even though you are not putting taxes up. why don't you just call it a tax rise? you putting taxes up. why don't you 'ust call it a tax rise?�* call it a tax rise? you are being very artful— call it a tax rise? you are being very artful to — call it a tax rise? you are being very artful to get _ call it a tax rise? you are being very artful to get me _ call it a tax rise? you are being very artful to get me to - call it a tax rise? you are being | very artful to get me to confirm elements of the packets on thursday but i'm not going to do that, i'm afraid, but that's what i want to answer, i want to answer the principles. the principal approaches
looking about over the next five years probably. find looking about over the next five years probably-— looking about over the next five ears robabl . : , :, :, , years probably. and this would only be achievable _ years probably. and this would only be achievable do _ years probably. and this would only be achievable do you _ years probably. and this would only be achievable do you think - years probably. and this would only be achievable do you think by - be achievable do you think by raising taxes? i be achievable do you think by raising taxes?— be achievable do you think by raising taxes? i think that has to be art of raising taxes? i think that has to be part of the — raising taxes? i think that has to be part of the answer. _ raising taxes? i think that has to be part of the answer. as - raising taxes? i think that has to be part of the answer. as we - raising taxes? i think that has to i be part of the answer. as we know, after the financial crisis, we had a period of austerity under george osborne were lots of the reductions 0sborne were lots of the reductions under borrowing were done by spending cuts, so that reduced departmental spending left us with difficulties on things like health backlogs and things like that, so more of the strain this time is going to have to come through tax rises. :, :, , :, , rises. right, would that be a very dramatic change _ rises. right, would that be a very dramatic change in _ rises. right, would that be a very dramatic change in tax _ rises. right, would that be a very dramatic change in tax rises - rises. right, would that be a very dramatic change in tax rises ori rises. right, would that be a very i dramatic change in tax rises or not? give us some numbers. we dramatic change in tax rises or not? give us some numbers.— dramatic change in tax rises or not? give us some numbers. we do not know et because give us some numbers. we do not know yet because we — give us some numbers. we do not know yet because we don't _ give us some numbers. we do not know yet because we don't know _ give us some numbers. we do not know yet because we don't know exactly - yet because we don't know exactly what they are going to do. 40 to 50 billion is a lot of money so that will require more than one a tax rise. part of it can be done quite easily with extra windfall taxes, it depends exactly how you will do that, it will potentially raise a few brilliant maybe, but you will have to look at more significant things like freezing income