Please note this website was created for the 2015 General Election. Due to the lack of preparation time, we have not updated this website for the 2017 Election. Why?
Should the 40p income tax rate be introduced at £50,000 rather than the current £41,900?
Conservative By 2020, no one earning less than £50,000 will pay the 40p rate of tax.
Labour We will: • Introduce a new 10p starting rate of tax to help 24 million people on low and middle incomes • Reverse David Cameron’s 3 billion pound tax break for the top one per cent of earners and tax houses worth over 2 million pounds • In Europe, tackle tax avoidance with greater transparency so we can see who has paid what tax http://www.labour.org.uk/blog/entry/more-tory-than-the-tories-ukips-tax-policies
UKIP We will introduce a 35p income tax rate between £42,285 and £55,000, whereupon the 40p rate becomes payable.