Labour’s manifesto promises to increase the personal allowance, without reforming NIT. While this will mean a small portion of people are rewarded with a tax cut, that proportion will also be rewarded with a state hand-out.
The total amount of the handouts alone will cost well over £45bn, according to Spectator economists! The main beneficiaries of this will be the unemployed, who will receive a £2500 bonus for sitting at home, while those working hard to earn £25,000 will receive no hand out at all.
Some say this is a state-sponsored incentive to stay at home on the sofa, instead of going to work and driving the British economy.
This cost does not include the tens of thousands of more people who will have to rely on NIT after Labour sack them from their jobs, as reported in The Sun.
David from North London said: “There seems to be no end to their shopping list, they must be planning to borrow it all!”
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