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Daily Record
Daily Record
Politics
Paul Hutcheon

Scottish Budget: Middle and higher income Scots hit with rise in taxes

Income tax rates will rise for middle and higher earners after an announcement by Deputy First Minister John Swinney.

The higher rate of tax will rise from 41p to 42p and apply to income between £43,663 and £125,140. The top rate will increase from 46p to 47p for earnings over £125,000.

In his Budget statement to MSPs, Swinney said the extra cash raised would be spent on the NHS.

He also lowered the tax threshold for the top rate from £150,000 to closer to £125,000.

The rises, which break an SNP manifesto pledge, come against the backdrop of economic turmoil throughout the UK. Income tax is devolved to Holyrood.

The Daily Record first revealed the plan to increase rates at the weekend.

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