UKIP economic spokesman Patrick O’Flynn today welcomed David Cameron’s commitment to raising the personal tax allowance and the threshold for paying tax at 40p in the pound.
Mr O’Flynn said: “They say that imitation is the sincerest form of flattery and I am delighted that the Prime Minister has responded so hurriedly to UKIP’s tax-cutting agenda.
“Last week I called for the other parties to come to a consensus with UKIP about lifting the personal allowance to the level of the full-time minimum wage. To hear the Prime Minister agree just five days later can only be welcomed. It only now remains for Nick Clegg and Ed Miliband to come into line and this can be a comprehensive consensus across the political spectrum to take into the next parliament.
“And our offer in UKIP to do something radical for those who have been dragged into the 40p tax rate has also provoked a positive response from the PM. His motivation for this is a bit more puzzling as he has previously endorsed George Osborne’s approach of actively reducing the 40p threshold.
“But one must welcome a sinner repenting, so long as he turns out to be sincere. Taken together the personal allowance policy and the 40p threshold u-turn amount to dramatic evidence of the impact UKIP is having on British politics. We are championing the rights of hard-working and responsible families up and down the land.
“Of course, there is still one big tax priority that the Prime Minister failed to address – the iniquitous and hated Inheritance Tax. But I am confident that so long as voters keep responding positively to UKIP’s messages on tax, that Mr Cameron and Mr Osborne will have to address this before the general election too.
“Many voters will remember Mr Osborne promising seven years ago at a Tory conference that only millionaires would pay Inheritance Tax. I note that the Inheritance Threshold has been stuck at £325,000 during his stewardship of the Treasury. UKIP would scrap this tax altogether and I now challenge the Conservatives to respond to our initiative in this area too. Millions of voters are watching very closely.”