Tax cut plea
Posted on 09 Jan 2024
Truss allies urge Sunak to slash taxes for middle earners
Rishi Sunak is being urged by allies of Liz Truss to adopt major income tax cuts suggested to him by Dominic Cummings. The Prime Minister was reportedly told by Boris Johnson’s former adviser to raise the 40p income tax threshold from £50,271 to £100,000 to get middle-income earners back on side. Ranil Jayawardena, the chairman of the low-tax Conservative Growth Group of MPs, said: “The Conservatives have helped the lowest paid by taking them out of tax altogether and cutting National Insurance too. So it is right that we now help the squeezed middle – the police sergeants, experienced schoolteachers and junior doctors, who shouldn’t be paying 40% tax, by lifting that threshold.”