22 November 2019 14:36
Detail is quite vague on tax and spend, and not many pledges are costed. There is little detail about the type of trade vision to be pursued after a "clean break Brexit". There's no mention of income tax or VAT. No number on the amount of money put into NHS and social care, nor investments in strategic industries that can "create thousands of jobs". The post-Brexit elimination of VAT on domestic fuel (currently charged at 5%) is estimated to bring a benefit of £65 per household, or £1.7bn a year.
These numbers, previously used by Vote Leave, are about right. The £200bn the party says it will raise appears to include the entire lifetime cost of HS2. Other notable tax cuts are for small business corporation tax, creating a £10,000 tax free allowance, and abolishing inheritance tax. The party also promises to fund "transition" for the car industry. VAT policy and corporation tax are set UK-wide by Westminster. Read more: Brexit Party: Key policies explained