Who Promises What in Looming Election Battle Over Tax Rates Letwin and Howard Take the Wraps Off Proposals to Woo Voters - but Blair has Plans of His Own

Summary

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HOW much we have in our pockets after the taxman has taken his cut is shaping up to be the key issue of the next general election.

This week the Conservative shadow chancellor, Oliver Letwin, dangled the considerable carrot of an extra GBP 800 a year for those earning between GBP 36,000 and GBP 40,000. Letwin is considering moving the threshold for higher-rate taxpayers up by GBP 4,000 - a move he claims would make about 1.4 million people better off.

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Extract

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Who Promises What in Looming Election Battle Over Tax Rates Letwin and Howard Take the Wraps Off Proposals to Woo Voters - but Blair has Plans of His Own

But this is not the only group of voters he is trying to make better off. Letwin hopes that by raising the initial rate at which income tax kicks in, he could take some of the 4.2 million peo...

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