Theresa May ready to ditch tax pledges to pay for NHS funding plans Theresa May is prepared to tear up the Tories’ tax pledges from last year’s general election to pay for her NHS funding plans, as she comes under growing pressure to explain how she will find the money.
Government sources signalled that planned cuts to corporation tax and a pledge to increase the personal income tax allowance to £12,500 a year by 2020 could both be ditched, as could a promise to lift the higher rate threshold to £50,000.
In a speech at the Royal Free hospital in London on Monday, with the chancellor, Philip Hammond, in the audience, the prime minister confirmed the government would set aside an extra £20.5bn a year for the health service by 2023. The Guardian
Government sources signalled that planned cuts to corporation tax and a pledge to increase the personal income tax allowance to £12,500 a year by 2020 could both be ditched, as could a promise to lift the higher rate threshold to £50,000.
In a speech at the Royal Free hospital in London on Monday, with the chancellor, Philip Hammond, in the audience, the prime minister confirmed the government would set aside an extra £20.5bn a year for the health service by 2023. The Guardian
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