Andy Silvester responds to The Economist

April 10, 2015 9:09 AM

Our Campaign Director, Andy Silvester, recently had a letter published in The Economist responding to a budget response entitled "Bust to Boom".

You suggested (“Bust to boom”, March 21st) that people will benefit from the British government’s decision to raise the amount they can earn before paying income tax to £11,000 ($16,300) by 2017-18. This is a welcome move, though very few are taken out of paying tax altogether, merely out of paying income tax. Most egregiously, workers’ National Insurance is payable at 12% on earnings of around £8,000 a year; this is an earnings tax in all but name. Revenues from both taxes go into the same pot, so the linguistic gymnastics are unnecessary.  Whoever has the keys to 11 Downing Street after the election on May 7th should merge NI into income tax. Eliminating the difference between the thresholds in this way would not only cut tax for the lowest paid but inject a much-needed dose of honesty into Britain’s tax-and-spend debate.

You can read all letters to the editor here.

Latest Blogs:

TaxPayers' Alliance Icon

Taxing holidays doesn't fly

12:01 AM 14, Aug 2017 Duncan Simpson

How to end the housing crisis

10:48 AM 11, Aug 2017 Rory Meakin

TaxPayers' Alliance Icon

Could the end be in sight for stamp duty?

2:23 PM 09, Aug 2017 Jan Zeber

TaxPayers' Alliance Icon

Stamp Duty Land Tax - What is it?

12:29 PM 09, Aug 2017 Rory Meakin

TaxPayers' Alliance Icon

Action on Sugar leave a bad taste in the mouth

11:15 AM 08, Aug 2017 Ben Ramanauskas

TaxPayers' Alliance Icon

It's not more money that the NHS needs...

10:00 AM 04, Aug 2017 Ben Ramanauskas