Camerons tax cuts benefit middle and higher earners, not the poorest

Lifting tax thresholds helps those earning enough to pay tax, while benefit cuts redistribute from the poorest to the better off

David Camerons address to the Conservative party conference has been almost universally acclaimed as a confident, vote-winning performance thanks in large part to eye-catching pledges of tax cuts for 30 million people.

The prime ministers offer to increase the personal allowance the point at which you start paying income tax from £10,500 to £12,500 per year by 2020 would benefit a full-time worker on the minimum wage, if the tax threshold were raised this way overnight, by £500 a year.

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