Free enterprise Tories call for big rise in higher rate tax threshold to £40,000 and stamp duty reform

18th November 2013

The Free Enterprise group of Conservatives have called for a wide range of tax cuts from the Chancellor George Osborne.

The group has called for, among other radical measures, the basic rate tax limit to rise to from £32,010 to £40,000. It also wants to see the abolition of stamp duty on houses worth less than £500,000. It wants national insurance contributions abolished for employers who take on the under 25 unemployed abolished. It is asking for business rates to be frozen for three years to £3.8bn. It wants to see cuts to air passenger duty, and it wants

It wants air passenger duty abolished, green levies moved into general taxation and phased out.

The group suggests the measures would cost nearly £16bn and says the measures could be implemented by cutting back in other areas. Those may include removing the ring-fencing of the health and education budget, slashing the number of Government departments from 20 to 11, freezing benefits for three years, means testing winter fuel allowance, integrating child benefit with universal credit and abolishing housing benefit for the under 25s.

In the Times, Dominic Rabb, one of the leading lights of the group, calls for tax cuts for the middle classes.

David Blackburn provides an insightful review on the Spectator coffee house blog site, including the pet projects of certain MPs.

The New Stateman wonders whether the Tories might not be better targeting some public sector workers as another Conservative group Renewal, which wants to win working class and Northern votes, suggests.

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