Via Share The Facts: While Labour and the Lib Dems have confirmed they will raise taxes, we’re committed to cutting income tax and rewarding hard work. Income tax cuts are a key part of our long-term economic plan – to help taxpayers keep more of their hard-earned money and be more financially secure. In this Parliament, we’ve halved the deficit as a percentage of GDP and cut taxes at the same time – proving that tax cuts and a stronger […]
Tag Archives: Conservatives
Via Share The Facts, In just four years we’ve already doubled the number of apprenticeships, delivering more than 1.8 million. In the next Parliament we will go even further by creating 3 million more and ending youth unemployment – so all young people get a good start in life.
Following the Prime Minister’s pledges on tax, the commentators are at work dissecting the implications. The Financial Times in particular is critical. An important fact seems to have been forgotten. The evidence of the past century is that there is a practical limit to how much tax a government can take. During my lifetime, it has not mattered whether governments have been of left or right, whether they have appeared to lower taxes or raise them, about 40% of GDP has been […]