£11.5k tax allowance is a saving of £2250 on tax which then largely goes on paying your council tax if you live in anything bigger than a matchbox.
Another Gordon McRuin tax rise was where he doubled it over only a few years.
Lazy politicians since 1991 have taken the easy approach, (making the public sector more efficient is much more difficult in comparison) on increasing the tax burden EVERY year with no signs of that rate of increase slowing down, They have gone from 35% of GDP to 43%. Some of the changes and increases include fuel and alcohol escalators, tobacco, airfare tax, IPT, CGT, NI and higher levels of income tax.
Where virtually all taxes are now the wrong side of the Laffer curve so if they increase them further people change their spending habits or if a high earner they move to a lower tax jurisdiction. Since Gideon raised VED and stamp duty more expensive new car sales have fallen and fewer older people are downsizing to smaller houses so these are now also the wrong side of the curve and raising less revenue.
Where they are struggling to steal even more of our economic output, the next areas of new taxes will be sugar, fat and anything else considered to be more enjoyable and less good for you than Government standard formula gruel, all different types of packaging to appeal to the tree huggers and finally on any expensive items as an annual percentage value tax, where you have the privilege of owning and using valuable items. This list will include property, cars, paintings, designer watches, jewellery and fashion items, antiques and any other collectables or items of value. There will be an annual allowance of say £100k and the tax will be regressive at say 5%, from £100k to £500k, £500k to £1m 10%, £1m to £2m 15%, £2m+ 25%. If you can't afford the annual percentage value tax then the government will put a Charge Order on them so you pay with interest when you sell it or when you die as part of the tax due on your estate. If the tax owed is equal or greater than its value it automatically passes to the state who auction it so you then only owe any shortfall in the tax. The annual percentage value tax is basically what Liebour and the DimLems have proposed in the past. It will be particularly appealing to the modern Marxist Liebour party as a way of nationalising all private property of any value, by stealth, so it all belongs to the state within a generation or two. Who gets to use what and on how much rent, will then be decided like in the USSR on Liebour party membership and your contribution to the Corbyn/Mcdonnell/McCluskey revolution where the modern way is to get elected and then pull up the democracy drawbridge behind you. Venezeula, Russia and Turkey are three good examples.