A strong economy depends on a fair, simple and competitive tax system. These policies focus on reducing the tax burden on work and investment while ensuring public services remain sustainably funded. Key proposals include the gradual abolition of National Insurance, a simplified VAT system with lower rates on essential goods and services, income tax reform that rewards key workers, business rates reform to support high streets and local enterprise, and a competitive corporate tax system that encourages investment, innovation and job creation across the UK. Together, these policies aim to boost economic growth, increase productivity and create a tax system that is easier for individuals and businesses to understand.
Economy & Treasury
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