Boris Johnson has pledged to cut income tax for three million higher earners, in a move that would cost £9.6bn a year.

The current frontrunner in the Tory leadership contest said he would raise the threshold for the 40p tax band from £50,000 to £80,000 if he becomes prime minister.

The move would be paid for through money currently set aside for no-deal Brexit planning and by rises in National Insurance.

Boris and Baron Rothschild
the estate
Portrait of Che Guevara (1928-1967),, 20th century,, Cuba.
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