
Abolish income tax and replace it with a mandatory annual payment to the Government that all UK residents must pay, regardless of their income, financial situation, etc. The payment will be the same for everyone.
Rachel Reeves
Chancellor
End the freeze on income tax thresholds & adjust annually, indexed to inflation
Tax all welfare and benefits at identical rates as earned income
Give people the option to opt out of income tax
Raise the standard tax-free Personal Allowance to £45,000
Create a rising tax rate system and set an effective maximum income level
Abolish income tax and replace it with a mandatory annual payment to the Government that all UK residents must pay, regardless of their income, financial situation, etc. The payment will be the same for everyone.
End the freeze on income tax thresholds & adjust annually, indexed to inflation
Tax all welfare and benefits at identical rates as earned income
Give people the option to opt out of income tax
Raise the standard tax-free Personal Allowance to £45,000
Create a rising tax rate system and set an effective maximum income level