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Reform promises to increase tax-free personal allowance to £15,000
Reform says the cut would save the average taxpayer £500 a year and take 2.9 million people out of income tax.
- On Saturday, Reform UK Treasury spokesman Robert Jenrick pledged to raise the tax-free personal allowance from £12,570 to £15,000 within the first 100 days of a potential Reform government.
- Current tax-free thresholds have remained frozen at £12,570 since 2021, a policy Labour plans to maintain until 2031; Jenrick claims this has dragged 1.3 million workers into paying income tax.
- Reform estimates the policy would cost £17.7bn in the first year, rising to £21bn by the fifth year, financed through £80bn in spending cuts including welfare reform and net-zero programme cancellations.
- Jenrick vowed to resign if he fails to deliver the tax cut for 40 million people, though a Labour Party spokesperson dismissed the proposal as a distraction from party funding scandals.
- Proceedings in Birmingham remained overshadowed by allegations that Reform figures discussed disguising foreign financial contributions, with two party officials suspended pending an internal investigation.
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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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Total News Sources17
Leaning Left1Leaning Right3Center9Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
C 69%
R 23%
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