The New Economics Foundation – usually known as not economics frankly – tells us that we should abolish the personal allowance for income tax and instead have a near £50 a week universal basic income. This isn’t the right way to be doing it at all – the point is to free the poor from high marginal tax rates, not to further trap them in that destitute state.
And I speak as one of the two that managed to get that personal allowance raised up to that £12,500 it soon will be. On exactly these simple grounds, that the poor […]
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