The quick guide to United Kingdom political parties stances on tax rate

Should the top tax rate of income over £150,000 be raised to 50 percent? ^{stats discuss}

Labour’s answer: Yes The 2017 manifesto guaranteed no increase for those earning £80,000 or less but said that the top 5% of earners would be expected to contribute more. Prior to the 2017 election, Labour proposed to reintroduce the short-lived 50% rate, but from £123,000 rather than £150,000, and to introduce a 45% rate on earnings between £80,000 and £123,000.Source

Should the top tax rate of income over £150,000 be raised to 50 percent? ^{stats discuss}

Conservative’s answer: No The former foreign secretary told the Telegraph he would use money currently set aside for a no-deal Brexit to raise the 40% tax rate threshold to £80,000.Source

Should the top tax rate of income over £150,000 be raised to 50 percent? ^{stats discuss}

Liberal Democrat’s answer: Yes The party suggests it would raise around £37bn via tax increases, including raising income tax by a 1p on the pound to pay for health spending.Source

Should the top tax rate of income over £150,000 be raised to 50 percent? ^{stats discuss}

Green’s answer: Yes Tax rates will be banded and will increase progressively so that those on higher incomes are paying higher marginal rates of tax. In particular, rates higher than 40% will be introduced for those on the highest incomesSource

Should the top tax rate of income over £150,000 be raised to 50 percent? ^{stats discuss}

SNP’s answer: Yes Robert Chote has said cutting the top 50p top rate of tax has not had an impact on the economy. And he even said the problems for public finances are not coming from public sector pensions and that the current spending was sustainable in the long-term.Source

Should the top tax rate of income over £150,000 be raised to 50 percent? ^{stats discuss}

Plaid Cymru’s answer: Yes Plaid Cymru personally submitted this answer on February 2nd, 2015.
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Should the top tax rate of income over £150,000 be raised to 50 percent? ^{stats discuss}

Libertarian’s answer: No Source

Should the top tax rate of income over £150,000 be raised to 50 percent? ^{stats discuss}

British National’s answer: No, establish a flat rate of tax The study also confirmed that it will be the middle classes who will suffer the most, with at least 700,000 middle-income earners being pushed in to the top tax rate as a result of changes announced by ConDem Chancellor George Osborne.Source

Should the top tax rate of income over £150,000 be raised to 50 percent? ^{stats discuss}

Sinn Féin’s answer: No Amongst our proposals are the introduction of a third rate of income tax of 48% on income over €100,000, the introduction of a 1% wealth tax on assets valued at over €1 million, the standardisation of all discretionary tax reliefs, the capping of public sector salaries at €100,000, increases of 10% in both Capital Gains and Capital Acquisitions taxes, and a cut in the salaries of government Ministers, TD's and Senators. We completely oppose the introduction of the property tax and water charges. Source

Should the top tax rate of income over £150,000 be raised to 50 percent? ^{stats discuss}

Social Democratic voters: No, but eliminate tax loopholes for top earners Source

Should the top tax rate of income over £150,000 be raised to 50 percent? ^{stats discuss}

Democratic Unionist’s answer: No I’ve heard it said that we should do what Scotland did and demand additional tax varying powers and that would somehow be the panacea for all of our problems. First of all, our budget problems are pressing. We simply can’t afford to wait for the outcome of discussions about what the future complexion of our United Kingdom will be. Furthermore, why does anyone think devolving something like income tax would be the solution? Increasing the rate of income tax by 1% in Northern Ireland would raise roughly £90million. That would pay this year’s welfare reform penalty but would do so on the backs of people who are already paying their taxes and probably feel they’re paying enough. To fill the estimated £1billion annual hole in our finances created by escalating penalties and the cost of developing and maintaining our own social security IT system would necessitate a 10% income tax increase. I’m sure everyone would agree that is not a serious proposition especially when incurring the fines and building our own IT s...Source

Should the top tax rate of income over £150,000 be raised to 50 percent? ^{stats discuss}

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Should the top tax rate of income over £150,000 be raised to 50 percent? ^{stats discuss}

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Should the top tax rate of income over £150,000 be raised to 50 percent? ^{stats discuss}

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