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Seven days: 29 November 2019

Seven days: 29 November 2019

 

Manifestos' tax shake-up

Opposition parties Labour and the Liberal Democrats revealed plans to increase income tax, in addition to abolishing the annual exemption from capital gains tax, which currently stands at £12,000. Prime minister Boris Johnson would leave corporation tax at 19 per cent, while Jeremy Corbyn and Jo Swinson said they would ramp it up to 26 per cent and 20 per cent, respectively. However, Mr Johnson ditched planned cuts to income tax for the UK's highest earners.  

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