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The nasty tax surprise hidden in the Tory manifesto

11 June 2024

11:27 PM

11 June 2024

11:27 PM

There are no big policy surprises in the Tory manifesto – not least because the major announcements on tax, immigration, welfare, housing and social care were all revealed before the document was published (James Heale has a helpful list here).

As already reported, a fifth consecutive Conservative government would cut employee National Insurance by another 2p, totalling a £1,300 tax cut for the average worker with the 4p that has already been cut; revive the Help to Buy Scheme that enables first-time buyers to have deposits of just 5 per cent (and unfortunately led to house prices increasing in Greater London); reduce immigration by...

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