*No tax for the first. £20K of income. If this gets people off benefits, it should cover the loss of tax and NI. Also remember, that the personal allowance has been stuck at £12,570 for a long time. *
It wouldn’t touch the sides
*Scrap I35 for contractors. This makes it easier for contractors to work away from home. *
Perhaps you could explain how.
No inheritance tax for estates up to £2 million. Assets that people have accrued throughout their lives have been paid from nett income after tax. So, to tax again seems double dipping
Most estates are predominantly due to property inflation, ie money that has never been taxed.
Due to high cost of housing, many young people can only get on the property ladder with help from their parents. If the current young generation are unable to accrue assets, how will they be able to provide for themselves in old age and retirement?
This will increase the number of people relying upon help from local councils to fund health care and care homes. To cover costs, councils will have to increase council taxes even further.
It’s unclear what point you’re making here or which policy you’re referencing.