Alfie Stirling wrote for iNews about NEF’s new proposal to scrap the personal tax allowance, and replace it with a cash payment of £48 a week.

At a cost well in excess of £100 billion per year in foregone tax receipts – more than the departments for defence, local government and transport combined – next year the personal allowance is expected to be worth around £6,500 in lower tax for the richest 10 per cent of households, compared with just £600 for the poorest 10 per cent.”

Read the full article here