Tag Archives: income tax

Scrapping 40p rate could be ‘iconic’ Tory pledge

income tax 40pConservatives must look into scrapping the 40p higher rate of income tax to win voters, a number 10 policy adviser Nadhim Zahawi says.

A member of the Number 10 Policy Board, Nadhim Zahawi said that the moment has arrived for the Conservative Party to carry out a “serious debate” regarding their income tax policy .

On the other hand David Cameron on Wednesday terminated requests to rise the threshold for paying the 40p rate in upcoming week’s Budget , stating that his objective is going to be offering tax breaks to lower earners . Continue reading