The next Conservative government will cut taxes for 30 million hardworking taxpayers.
By the end of the next Parliament we will:
- Increase the tax-free personal allowance from £10,000 to £12,500 – taking a million more people out of income tax altogether
- Increase the level at which people start paying the 40p rate from £41,900 to £50,000 – cutting taxes for millions of families
- Our long-term economic plan for the past four years has been about saving our country from economic ruin. Our plan for the next five years is about you and your family, and helping you get on. That’s what our plan means for you.
And it’s only possible because we’re taking the difficult decisions to reduce the deficit and build a stronger, healthier economy for the long term.
At the next election, the choice facing Britain is clear: Labour’s failed polices of more spending, more taxes and more debt than our children could ever repay; or the Conservatives’ long-term economic plan to help hardworking taxpayers and secure a better future for Britain.