Tom Clougherty: Unless Labour resorts to printing money, higher income tax, NI or VAT are coming – for the many, not the few
That’s a legitimate political agenda, and people are quite welcome to vote for it. But they deserve to know what’s coming.
Posts by Tom Clougherty
Tom Clougherty is Head of Tax at the Centre for Policy Studies.
Tom Clougherty: Make Work Pay. A new agenda from the CPS for fairer taxes – including an end to pernicious marginal rates.
If one of a couple claiming the marriage allowance becomes a higher rate taxpayer, there is a 23,800 per cent marginal tax rate on the first penny over the threshold.