
Many work overtime out of financial need, to make ends meet and do not do it always by choice, as it can reduce family time. Fairer overtime taxation could support workers, encourage extra hours in essential sectors, and help overstretched teams.
Pat McFadden
Work & Pensions Secretary
Introduce a new 30% tax rate for income earnings between £50,271 - £100,000
Strengthen rules on collecting taxes on all overseas sales to UK under £135
Review welfare policies to incentivise work
Increase the personal tax-free allowance to £26000
Raise the standard tax-free Personal Allowance to £45,000
Many work overtime out of financial need, to make ends meet and do not do it always by choice, as it can reduce family time. Fairer overtime taxation could support workers, encourage extra hours in essential sectors, and help overstretched teams.
Introduce a new 30% tax rate for income earnings between £50,271 - £100,000
Strengthen rules on collecting taxes on all overseas sales to UK under £135
Review welfare policies to incentivise work
Increase the personal tax-free allowance to £26000
Raise the standard tax-free Personal Allowance to £45,000