Labour’s increase to employer National Insurance as part of the 2024 Budget may well have been the worst tax rise it was possible to come up with – leading only to lower wages and reduced employment. Now Reform UK appear determined to find the worst possible tax cut, with their proposal to exempt overtime from

The plan would introduce an uncapped personal allowance to cover all hours worked in excess of 40 hours a week.

Reform said it would scrap income tax above a 40-hour week for workers on less than £75,000, costing around £5bn a year.