Boris Johnson to Cut Business, Individual Taxes If Elected PM

(Bloomberg) -- Boris Johnson wants to cut business taxes and raise thresholds for income tax if elected prime minister, the Telegraph says, citing an op-ed by Johnson.

• Johnson proposes raising the level at which 40% income tax kicks in to GBP80,000 from GBP50,000
• The plan will cost ~GBP9.6b per year, according to the Telegraph, and will be funded by “fiscal headroom” currently set aside by the Treasury

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