Tories to cut taxes for lower and middle income families

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Indy Politics

Hundreds of thousands of "middle-income earners" would have their taxes slashed under Tory plans to cut taxes for families on middle incomes and for the poorest earners in society.

Hundreds of thousands of "middle-income earners" would have their taxes slashed under Tory plans to cut taxes for families on middle incomes and for the poorest earners in society.

The proposals are designed to put Labour on the defensive over tax and give the Tories a distinctive platform for the next general election.

Yesterday, Oliver Letwin, the shadow Chancellor, accused Tony Blair of breaking his promise not to raise taxes. Mr Letwin claimed that under Labour, the government had raised the marginal rate of tax for 7.5 million people.

"Tony Blair claimed that he had no plans to raise taxes at all. That was all talk. By stealthily raising thresholds more slowly than the increase in earnings, Tony Blair has dragged 4.2 million more people into paying income tax, and 1.35 million more people into paying top rate income tax."

The Tories plan to raise the threshold at which people pay the highest tax rate to £40,764, which would cut taxes for many middle-income earners. The proposals are, however, bound to ignite accusations from Labour that the Conservatives would cut public spending to pay for tax cuts.

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