He said he still believed that inheritance tax was unfair and suggested that tax breaks for married couples would be introduced next year.
The Prime Minister’s support for lower taxes in the long term was designed to reassure traditional Conservative voters facing a series of tax rises. Capital gains tax on the sale of second homes and shares is expected to double imminently, while motorists and holidaymakers also face higher levies.
Speaking in Paris during his first official overseas visit, the Prime Minister said: “I absolutely do believe in a lower tax country and I want to deliver lower marginal rates of tax. The problem is the appalling budget deficit. I am still a low-tax Conservative. Born one; lived one; will die one.”
The Prime Minister’s support for lower taxes in the long term was designed to reassure traditional Conservative voters facing a series of tax rises. Capital gains tax on the sale of second homes and shares is expected to double imminently, while motorists and holidaymakers also face higher levies.
Speaking in Paris during his first official overseas visit, the Prime Minister said: “I absolutely do believe in a lower tax country and I want to deliver lower marginal rates of tax. The problem is the appalling budget deficit. I am still a low-tax Conservative. Born one; lived one; will die one.”
