▲ 57 r/AskBrits
Would you support increasing the personal tax allowance to £18,000 a year?
The government response is that it would cost £40bn a year. However, this fails to take into account the increased economic activity of workers having £5,750 a year more to spend. This would increase VAT income, corporation tax and stimulate the economy.
So the true cost would be less then £40bn?
u/ClacksInTheSky — 6 days ago