Thursday, August 11, 2022
HomeWales PoliticsThe flaw in Liz’s reliance on tax cuts – politicalbetting.com

The flaw in Liz’s reliance on tax cuts – politicalbetting.com


Fewer than 60% pay revenue tax

Over the previous week the large debate within the Tory management contest has been on the easiest way of serving to households within the face of the massive power value will increase which are due within the autumn.

Liz Truss has been very agency about there being no “handouts” and that individuals can be helped by her plan to chop taxes virtually as quickly as she turns into PM.

The large drawback for her is that fewer than 60% of UK adults pay revenue tax so the opposite 40% gained’t get any assist.

Now the outgoing PM, Johnson, has added to the stress on his probably successor saying he’s completely sure that the following PM will provide extra assistance on paying payments.

With Sunak to this point behind within the management race the cussed strategy by Truss appears to be like like a godsend.

Mike Smithson

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