How long is a piece of string?What is the right rate for taxing income and consumption of luxuries? I would welcome your thoughts and comments. pic.twitter.com/XwFTOycGTc— John Redwood (@johnredwood) April 11, 2017
Not an easy question to answer.
Tax does have to be taxing.
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Indeed, not an easy question to answer. As Mr Redwood's wing of the Conservative Party appear to be in control of the Government, perhaps we could suggest leaving the Personal Allowance where it is for a few years (its eroding the tax base) and also introduce a 50p tax rate on earnings over £100k to fund schools, hospitals and social care?
ReplyDeleteCut VAT to 15% to stimulate growth in the economy (more VAT would be collected overall), cut VAT on things like gym memberships to 5% to encourage better health & help the NHS, and scrap VAT on basic utilities too.
We're all in it together and all that. That's what Gideon and Dave said anyway.