BORIS Johnson is eyeing up a 460 tax cut for millions of workers in his election manifesto.
Ministers are reportedly drawing up plans to raise the threshold at which employees start paying National Insurance, as the PM promised before he came into No10.
The pledge is being discussed as a possible centrepiece to the election campaign, and will help woo over working class voters in the Midlands and the North.
The cut would help the lowest paid workers the most, who have already benefited from the Tories’ raising of the limit they start paying income tax over the last five years.
Yesterday the Business Secretary dropped a major hint a tax cut was on the cards.
Andrea Leadsom said in an interview with the Daily Telegraph: “A Conservative government will always be a tax-cutting government.
“We have raised the personal tax free allowance to let people keep much more of their own hard-earned cash. We will set out more in the manifesto about our ambition for income taxes.”
Boris has also promised to raise the threshold at when people start paying the higher rate of income tax – from 50,000 to 80,000 a year.
Today the Government confirmed that benefits would get a boost next year when the four-year freeze finally comes to an end.
It will mean they finally will rise in line with inflation, giving families on Universal Credit, tax credits or jobseekers a boost.
The PM was due to reveal tax cuts in the Budget – but that’s now been scrapped because of the impending election.
In an exclusive interview with The Sun on the eve of his first speech to theTory party conference as leader today in Manchester, Boris said: We want a high wage, low tax economy.
Back in June before he became PM he said he was prepared to increase the public debt to cut taxes.
He suggested he would take anyone earning 12,000 or less out of national insurance.
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