David Cameron pledges tax cuts 'for 30m people'
October 1, 2014 7:57 pm
David Cameron has pledged to cut taxes for thirty million people if the Conservatives win next year’s election.
In a speech which ended his party’s conference, the PM said he would raise the tax-free allowance from £10,500 to £12,500 by 2020.
He also said the threshold for the 40p income tax rate would be raised from £41,900 to £50,000 by the end of a five-year Conservative government.
The changes would back people who “do the right thing”, he said.
Both tax reform proposals – the timing of which the party said depends on economic circumstances – received lengthy ovations.
Mr Cameron also promised:
- A Conservative government would protect the NHS budget for England
- He would “deliver” on a pledge of “English votes for English laws”
- The UK could not “walk on by” in the battle with Islamic State extremists
- Immigration would be at the heart of his EU negotiation strategy
- A vote for UKIP at the next election would be “a vote for Labour”
- He would scrap the Human Rights Act
- Every teenager could have a place on the National Citizenship Service
Increasing the personal allowance would take one million of the lowest-paid out of income tax and give a tax cut to 30 million more, Mr Cameron said.