Moving the income tax threshold to £12,500 is a sensible idea. If the government is to tackle welfare dependency, and desiring to make work pay, then removing minimum wage workers from income taxation is welcomed. Most likely, it will feature in this Parliament because fiscal conservatives will welcome and actively support low to middle income tax reform.
Of course, though, I very much advocate the Adam Smith Institutes proposal for a flat tax at 22%, too. But, alas, Rome wasn’t built in a day and all that…
danielfurr
