Reform pledge tax cut amid row over foreign donations
Treasury spokesman Robert Jenrick says he’ll raise the income tax threshold to £15,000 if his party wins the next general election
Robert Jenrick pledged to raise the income tax threshold as Reform UK attempts to move on from allegations about its finances.
The party’s Treasury spokesman told the final day of the Reform conference in Birmingham that he would increase the tax-free personal allowance to £15,000 within the first 100 days of taking office.
The threshold has been set at £12,570 since 2021 and is due to remain there until 2031.
Reform said the plan would save the average taxpayer £500 a year and take 2.9 million people out of income tax altogether, at a cost of £17.7 billion in its first year, rising to £21 billion five years later.
The party has previously said it wants to increase the personal allowance to £20,000, with Mr Jenrick saying he would approach the figure “step-by-step” when it is affordable.
Mr Jenrick said the move was “a tax cut for 40 million people, the biggest rise in the personal allowance in its history, and delivered not in 10 years but in my very first budget”.
He added: “If I don’t deliver this exactly when I have said that I will, I will resign. No ifs, not buts, I will be gone.”
Published: by Radio NewsHub