There is a solution to the income tax ‘cliff edge’
The way in which the UK system sees rates rise and then fall as income increases is indefensible
The way in which the UK system sees rates rise and then fall as income increases is indefensible

Reassessing taxes and spending every six months introduces excessive policy uncertainty

Delays in dealing with fiscal pressures risk further damage to household consumption, corporate investment and overall growth

The chancellor’s failure to drive growth and cut spending leaves future levy rises on the cards

The country’s tax system and rising costs sap the returns to hard work

No party looks truly ready to confront tax-resistant voters with some hard questions

The list of inconsistencies goes on and on. Nobody should have designed such an absurdity