Restore Britain's costed plan for income tax is to raise the personal allowance to £16,000, extend the basic-rate band to £100,000 and restore the full allowance to ALL taxpayers.
Crucially, this will be implemented AFTER necessary cuts are delivered.
Our plan will not only give hardworking British men and women a huge financial boost, it will get inflation under control.
VAT will be brought down to 18%.
Along with abolishing stamp duty and inheritance tax, with vast swathes of stealth taxes being eradicated.
That means more money in a more affordable economy.
In addition, Restore Britain will abolish corporation tax on the first £50,000 of profits for all companies. With profits over £50,000 we propose an immediate restoration of the 19% rate, with an aspiration to reduce this to 15% as soon as fiscal conditions allow.
The economy will boom.
We have proposed exactly how we will fund this.
Cuts to welfare, funding for foreign nationals, quangos, net zero spend, freezing departmental budgets, NHS reform and more.
This is a properly considered policy document.
It's boring, tedious work - but this is exactly what we need to prepare. It's what Britain needs. Not nonsense slogans. An actual plan.
A Restore Britain Government will make life affordable again for hardworking British men and women.
Restore Britain will abolish Corporation Tax on the first £50,000 of profits for all companies - this takes 95% of all companies outside the corporation tax regime.
With profits over £50,000 we propose an immediate restoration of the 19% rate, with an aspiration to reduce this to 15% as soon as fiscal conditions allow.
In time, we will abolish the Bank Levy, Bank Surcharge, Residential Property Developer Tax, Energy Profits Levy, and Electricity Generator Levy.
We will be friendly to honest companies, not slavish to global business.
This is a costed plan, before any growth multiplier.
I have run and built so many small businesses. I understand what it takes.
This one policy will transform the landscape for British small business owners.
It will reinstate reward to go along with the inevitable risk.
It will make that risk worth it.
This is what we need to restore Britain's economic prosperity.
Income tax - Restore Britain has published our costed plan to extend the basic-rate 20% band to £100,000.
If you work hard and earn good money?
You should be rewarded for it, not fund indolent Somalians on benefits or a parasitic bureaucracy sucking the life out of Britain.
@RupertLowe10 This is something I can truly get behind !!! As a high earner, I’d love to keep more of my money and use it to build up savings and the economy etc.