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Reform UK's Robert Jenrick to Make £15,000 Tax-Free Personal Allowance Pledge
The party says 2.9 million people would stop paying income tax and most taxpayers would save £500 a year under the plan.
- Reform UK economic spokesman Robert Jenrick proposed increasing the tax-free personal allowance to £15,000 at the party's Birmingham conference, promising to implement the change within 100 days of becoming chancellor.
- Jenrick noted that 1.3 million people were "dragged into paying tax last year alone," highlighting the burden of frozen thresholds that Prime Minister Andy Burnham previously acknowledged had "lodged in my mind."
- Funding the policy requires £80bn in spending cuts, including a £50bn reduction in welfare spending, as the initiative costs £17.7bn initially, rising to £21bn by the fifth year.
- Reform's Scottish leader Malcolm Offord criticized the "six-band tax system" at the gathering, claiming Scotland faces a "massive £5bn blackhole" that hinders job growth and economic recovery.
- While the initial target is £15,000, the party maintains a long-term goal of raising the threshold to £20,000, positioning Reform's tax policy as a multi-stage economic strategy.
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Jenrick pledges to raise tax-free personal allowance to £15,000
Robert Jenrick has pledged to raise the tax-free personal allowance from £12,570 to £15,000 in his first budget as Chancellor if Reform UK is elected into government. In a speech on Saturday, Jenrick will say that the £21bn tax cut would show the party’s mission to “choose the worker”. He will add that Reform would [...]
·London, United Kingdom
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Coverage Details
Total News Sources14
Leaning Left1Leaning Right2Center8Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
C 73%
R 18%
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