The government currently has no idea how it wants to raise taxes to pay for the £20 billion-a-year funding increase for the NHS. Step forward Tory MP Neil O’Brien, the former Osborne SpAd who recently co-founded the Onward think tank, with a proposal: freezing the personal allowance for two years. His plan to effectively hike taxes for all voters will raise £4 billion a year, which still leaves a huge black hole.
A couple of months ago I got some info out of HMT on how much freezing Income Tax thresholds after we meet our manifesto commitment might raise for the NHS
Having increased frm £6,475 in 2010 to £12,500 in 2020/21- a 2 yr pause would raise about £4bn p/ahttps://t.co/xDzhHvGzcQ
— Neil O’Brien MP (@NeilDotObrien) June 18, 2018
Labour’s policy is to whack the super-rich with new taxes. This Tory plan proposes to stop low earners, middle class voters and everyone else from keeping more of the money they earn. Which one do they think the public are going to vote for? The Tories are shifting the Overton window way to the left, fighting on Corbyn’s territory, and leaving people with no reason to vote Conservative. This madness is only going to make it more likely Corbyn gets into Number 10…