Shipley MP Philip Davies has urged Chancellor Jeremy Hunt to cut taxes in his Autumn Statement this week – and put more money in everyone’s pockets.
Mr Davies wants the tax thresholds raised, meaning fewer people would be caught up paying the highest rate of tax. He also wants to see corporation tax cut and for inheritance tax thresholds to be increased so that families can pass on more of their money that has already been taxed without being taxed again.
Mr Davies met with the Chancellor on Friday to make the case for these changes whilst Mr Hunt visited a West Yorkshire business.
Mr Davies said: “I will always be in favour of lowering taxes and allowing people to keep more of their own money. We have the highest burden of taxation in living memory and it cannot continue. I made it clear to Jeremy we should be concentrating on cutting government spending and waste, rather than increasing taxes.”
Mr Davies said increasing the threshold for inheritance tax should be the first step on a road to abolishing inheritance tax completely should the Conservatives win the next general election.
Mr Hunt will deliver his Autumn Statement to Parliament on Wednesday.
