IN BRIEF: Chancellor 'must resist throwing money'

Click to follow
The Independent Online
Chancellor 'must resist throwing money'

The Chancellor must resist calls to throw money at voters in November's Budget, the moderate Tory Reform Group said in a policy document yesterday. It recommends radical tax cuts targeted at home owners and middle-income voters, to be funded by abolition of the 20p tax band and the married couple's allowance. The pressure group recommends cutting the basic rate of income tax from 25p to 23p and a rise in the basic rate limit to pounds 27,000.