Boris gets the check book out.

[DaveB]

Not his own, obviously.

Tory leadership contest: Boris Johnson pledges income tax cut for high earners - BBC News

So despite years of austerity, cuts to public services and spending, there is £26 billion available as a one off to pay for Brexit. Apparently that means you can spaff £10 billion of that on tax cuts for the better off as an ongoing cost.

[Yorkie62]

Not his own, obviously.

Tory leadership contest: Boris Johnson pledges income tax cut for high earners - BBC News

So despite years of austerity, cuts to public services and spending, there is £26 billion available as a one off to pay for Brexit. Apparently that means you can spaff £10 billion of that on tax cuts for the better off as an ongoing cost.

Raising the 40% threshold to 80K is more about taking lots of middle earners out of the 40% tax bracket. wooing middle England in preparation for a GE.

[original PM]

Maybe it is just the very logical assumption that with the way things are someone earning just £60k a year and trying to support a family and pay the mortgage and the bills and provide food and try and take the family on holiday once a year needs a bit of a break...

60k ain't what it used to be.

Especially if you consider the average UK salary is just under the 30k so two people earning the average are going to be better off than one person earning 60k .

Not really commenting on the politics but the reality of the cost of living.

[darmstadt]

Ah, the bribe to rich Tory members to vote for him...not a surprising more really, typical Tory

[original PM]

Ah, the bribe to rich Tory members to vote for him...not a surprising more really, typical Tory

Except earning 60k a year will make you far from rich.

[BrilloPad]

So higher earners can spend more on Columbian Marching Powder?

[original PM]

Salry of 60k per year is 5k per month or about 3.5 k after tax

Mortgage - 1100
Cars - 500
Nursery fees - 800
Pension - 300
Food - 400
Utilities etc - 250

This leaves £150 a month for the devils dandruff and clothes and holidays etc....

Not sure how much some Columbian Marching Powder is but....

[BlasterBates]

City fear Bojo will turn the UK into a "Banana" republic

[Yorkie62]

Salry of 60k per year is 5k per month or about 3.5 k after tax

Mortgage - 1100
Cars - 500
Nursery fees - 800
Pension - 300
Food - 400
Utilities etc - 250

This leaves £150 a month for the devils dandruff and clothes and holidays etc....

Not sure how much some Columbian Marching Powder is but....

Depends on how much Johnsons Baby Power you want mixed with it.

[Zigenare]

Salry of 60k per year is 5k per month or about 3.5 k after tax

Mortgage - 1100 <-- Really?
Cars - 500 - <-- Buy a recumbent bicycle!
Nursery fees - 800 <-- stop breeding!
Pension - 300 <-- Good choice
Food - 400 <-- Back to the breeding thing...
Utilities etc - 250

This leaves £150 a month for the devils dandruff and clothes and holidays etc....

Not sure how much some Columbian Marching Powder is but....

ftfy.

Oh and btw, FFS, it's Cheque Book! We're not ******* septics just yet!