Tory package of £21Billion Tax cuts confused and irresponsible
The Conservative Tax Reform Commission has reported, recommending £21 billion of tax cuts. The Commission proposes cutting the basic income tax rate, raising the earnings threshold for income tax, cuts in business tax and the abolition of inheritance tax. The Tory Shadow Chancellor said he would adopt some of the ideas but said other changes - such as higher green taxes - would mean the overall tax take would not be cut: "We will not be promising reduction in taxation at the election. Any changes in taxes will be revenue neutral."
19 Oct 2006
