Sadiq Khan: Income tax cuts to ‘disproportionately benefit’ wealthiest

Sadiq Khan: Income tax cuts to ‘disproportionately benefit’ wealthiest

City A.M.

Published

The Chancellor’s proposed cuts to income tax will “disproportionately benefit” society’s wealthiest, according to an analysis by the Greater London Authority (GLA). Figures showed that, by introducing a 1p cut, those on a £150,000 per year salary would have a tax relief of £1,950 while those earning the least would not see any benefit.  “Tomorrow’s [...]

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