“This is a substantial and expensive tax cut from which only those on high incomes would gain. It would offset some of the big tax increases that have affected the very highest earners since 2009.”

via Options for cutting direct personal taxes and supporting low earners – Institute For Fiscal Studies – IFS

Northern Comment – The above is an extract from the Institute for Fiscal Studies assessment of the proposals that have been articulated to date by the Prime Minister and his team. It gives a clear indication of the direction of travel of a Boris Johnson Government, if we ever get one!