Stealth Tax Rises Set to Continue
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Christopher Snowdon writes for The Critic
Andy Mayer writes for City AM
Tom Clougherty quoted in The Express
Tom said:
“The Conservatives started it and Labour are continuing with it – which somewhat undermines their promise not to raise income tax, national insurance, or VAT.
“As things stand, the big rise in the personal allowance since 2010 is effectively being reversed and far too many people are being dragged into paying higher rates of tax.
“Obviously there are trade-offs here: unless the Government cuts spending or significantly boosts growth, raising tax thresholds would mean that other taxes have to rise instead.
“The best approach would be to stop making tax policy in such a short-term, piecemeal way and instead start preparing a big reform of the system as a whole.”
Read the full article here.