Far more to richest 10% than lower-earning HALF
REFORM UK proposed two cuts to Income Tax at the last General Election. The £59bn cost to the Treasury would have brought by far the largest gains to the richest households. Meanwhile lower-income households would have seen little change, found the independent Institute for Public Policy Research (IPPR).
The top 10% of households stood to gain £5,980 a year – but the bottom 10% only £230.
Per £1 in tax cuts, the richest tenth would take 28p, but the lower-earning half only 18p.
Reform now say they’d cut spending before taxes.
