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Tories pledge to scrap £100,000 tax trap for higher earners
Original: kemi badenoch
The Conservative Party, led by Kemi Badenoch, has announced plans to abolish the £100,000 earnings threshold at which workers begin losing their personal allowance, a policy widely criticised as a 'tax trap' hitting higher earners. The pledge would effectively raise the point at which the effective 60% tax rate applies. The announcement is being debated as a bid to win back professional and middle-class voters.
Why now: The Conservatives have just announced a flagship tax policy ahead of the next general election.
Kemi BadenochConservative PartyUK
Evidence
- Tories vow to scrap £100,000 ‘tax trap’ for UK’s higher earners · Financial Times
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