
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.
Tom Clougherty is Head of Tax at the Centre for Policy Studies.
That’s a legitimate political agenda, and people are quite welcome to vote for it. But they deserve to know what’s coming.
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.