The clear favourite to be the next leader of the Conservative Party, Boris Johnson, has today risked the wrath of ordinary working people by pledging to spend a staggering £10Bn cutting taxes for the rich by raising the 40% income tax threshold from £50,000 to £80,000 – plans that, conveniently, could see MPs like himself pocket an extra £6,000 a year.
Currently, members of Parliament earn just shy of £80,000 a year, and Johnson’s £10Bn tax cuts would put MPs completely out of the higher 40% rate bracket.
In practice, Johnson’s staggeringly large tax cut would see current high rate payers, […]
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