Wednesday, 29 January 2014

Growth, cutting taxes for the low paid, and a great deal for small businesses

What is the Coalition's offer? On the back of great growth figures in the last quarter of 2013 it is fair to set out what the government is doing:
- cutting taxes for the low paid
- reducing small companies’ tax level,
- freezing fuel duty,
- taking the smallest firms out of business rates,
- introducing an employment allowance of £2,000,
- abolishing National Insurance for half a million small employers,
- removing NI for employees under 21
- increasing minimum wage
- doubling apprenticeships
- help to buy for first time buyers
As growth and jobs continue to improve


More details of the future cuts in tax for the low paid here: http://www.telegraph.co.uk/news/politics/georgeosborne/10602842/George-Osborne-Low-paid-first-in-line-for-tax-cuts.html

1 comment:

  1. I'd cut VAT to 10%. I'm sure that would be more of a help to the low paid than a tax cut. Once you don't earn enough to pay PAYE, then raising the tax threshold won't make any difference.

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