(not satire – it’s the UKIP!)
In an extraordinary interview with the business publication London Loves Business, the man in charge of UKIP’s economic policy – their shadow chancellor Godfrey Bloom – has admitted that if the party were to win the next election most people in the UK will pay more tax.
Official UKIP policy is to introduce a flat rate of income tax at 31% – although in the interview Bloom says he would prefer a flat rate of 25%.
However, most people in the UK pay the basic income tax rate of 20% – which would mean a massive tax increase of 5%-11% for the people on the lowest incomes under the UKIP proposals.
And obviously a flat rate of tax without the highest brackets would also mean a massive cut in tax for the richest people in the country.
In the interview, Bloom also rather…
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