Boris Johnson's tax pledge would cost £8bn a year, IFS says

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Promise to lift threshold for top rate to £80,000 would boost incomes of highest-earning 8% of population

Boris Johnson’s pledge to raise the threshold for the top rate of income tax from £50,000 to £80,000 would cost £8bn a year and boost the incomes of the highest-earning 8% of the adult population, according to the Institute for Fiscal Studies.

 

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Cutting nics to help low earners is a particulary blunt instrument-raising work allowances in uc would deliver higher benefits for a fraction of the cost

Fact: Tory govts ALWAYS run up more National Debt than Labour while running down public services. They use it to fund tax cuts which mostly favour the rich. And now to fund Brexit. By 2020 this govt will have added £870bn to Nat Debt - more than all previous Labour govts combined

I swear this country is rolling back to serfdom with powerful lords enslaving the rest. We're Tories play things. I'm going to bed very pissed off.

Or 8 billion billion million

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