The Telegraph’s Christopher Hope tweets the news that David Cameron is open to raising the threshold for the 40p rate:
NEWS! PM: “I would love to raise the 40p tax threshold, I understand the problem, but would have to look at the books before doing it”
— Christopher Hope (@christopherhope) July 30, 2014
The Telegraph has been pushing for this change for some time. Cameron has, in political terms, flashed a bit of thigh at Middle England.
One of the strange features of this parliament is how little credit the government gets for keeping taxes low. This sense was reinforced recently by one of Lord Ashcroft’s polls, which found that voters thought that they would pay less tax under Labour. This is errant nonsense, as this morning’s revelations suggest. But, nonetheless, the perception remains.
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