Tory tax reforms would ‘hit poor’

October 19, 2006

Tory party proposals for £21 billion in tax cuts would benefit the rich and hurt the poor, an independent think-tank claimed today.

A high powered Conservative working group made the recommendation after a year-long re-examination of the party’s tax policies – although David Cameron, the Tory leader, has already ruled out pledging tax cuts at the next election.

The proposals include a 2p cut in the basic rate of income tax, scrapping stamp duty on shares, rolling back business taxes and taking 2.5 million

Tory tax reforms would ‘hit poor’ – Britain – Times Online