• Will not increase the basic, higher, or additional rates of income tax.
• Freeze of income tax allowances and bands remains.

• No increase in income tax
• “Triple Lock Plus” for the personal allowance of taxpayers aged 66 and above. Allowance rises in line with state pension rate of increase.
• Otherwise, freeze of income tax allowances and bands remains.
• The High Income Child Benefit Charge will be switched from an individual to a household income basis with taper occurring between £120,000 and £160,000.

• Raise the personal allowance “when the public finances allow”.

• No increase to NICs
• For employees, employers and self-employed, existing threshold freezes continue.

• One percentage point reduction to main employee NICs rate for 2025/26 and for 2027/28, leaving rate at 6%. 2% rate above Upper Earnings Limit unchanged.
• Cut the main rate for the self-employed by one percentage point each year from 2025/26 to 2% in 2028/29. Abolish in 2029/30. 2% rate above Upper Profits Limit unchanged.
• For employees, employers and self-employed, existing threshold freezes continue.

• Review “the tax and national insurance status of employees, dependent contractors and freelancers to ensure fair and comparable treatment.”

• Reforms to workplace pensions.
• No comment on lifetime allowance.

• New ‘Pensions Tax Guarantee’ promising:

·         no new taxes on pensions;

·         retention of 25% tax free lump sum;

·         tax relief on pension contributions to stay at the marginal rate; and

·         no NICs on employer pension contributions.

• Retain current reliefs.

• Review rules concerning pensions for gig economy workers.

• Carried interest will be treated as income, not capital gain.

• No increase to capital gains tax
• Business Asset Disposal Relief continued.

• Raise annual exemption to £5,000, with tax to be based tax solely on gain:

·         45% or gains exceeding £100,000,

·         40% between £50,000-£100,000 and

·         20% on other gains

• Introduce a new small business relief.

• Raise the residential SDLT surcharge paid by non-UK residents by one percentage point.

• No increases.
• £425,000 SDLT 0% threshold for first-time buyers to be made permanent.

• Surcharge on purchase of second homes by overseas residents.

• No comment

• Keep business relief and agricultural relief

• No comment

• Keep Triple Lock.

• Keep Triple Lock.
• Maintain all existing pensioner benefits.
• Consider the Ombudsman WASPI women report and provide ‘an appropriate and swift response’.

• Keep triple lock.
• Make sure that WASPI women are “finally treated fairly and properly compensated”.

• Review Universal Credit.

• Accelerate the roll-out, moving all legacy benefit claimants onto Universal Credit.

• Cut waiting period for the first payment to five days.
• Abolish the bedroom tax.
• Replace sanctions regime with an incentive-based scheme.
• Abolish young parent rates.
• Set up an independent commission to recommend further annual increases in Universal Credit.

• No comment

• Reform benefits system to save £12bn a year by 2029/30.

• No comment

• Establish a ‘Fair Pay Agreement’ in adult social care.’
• Build a consensus for the longer term reform required for a sustainable National Care Service.

• Cap social care costs from October 2025 based on Care Act 2014.

• Introduce free personal care based on the Scottish model.
• Launch a social care workforce plan, establish a Royal College of Care Workers to improve recognition and career progression, and introduce a higher Carer’s Minimum Wage, initially £2 an hour above minimum wage.
• Set up a cross-party commission to design a long-term sustainable funding for social care.
• Increase Carer’s Allowance and expand eligibility for it.

• Maintain corporation tax at 25%
• Publish a roadmap for business taxation for the next parliament.
• Keep full expensing system for capital investment and the annual investment allowance for small business.
• Give businesses more clarity on what qualifies for allowances.

• No increase in corporation tax.
• Maintain R&D reliefs.

• Make the case for increasing the global minimum rate of corporation tax to 21%.
• Restore the Bank Surcharge and Bank Levy revenues to 2016 levels in real terms.
• Increase the Digital Services Tax on social media firms and other tech giants from 2% to 6%.
• Introduce a 4% tax on the share buyback schemes of FTSE-100 listed companies.

• No increase in VAT
• Levy VAT on private schools.

• No increase in VAT
• Keep the threshold under review and explore options to smooth the cliff edge at registration level.

• Remove the VAT exemptions for private, first-class and business-class flights.

• Scrap the existing business rates system and establish “a fairer way” to raise the same revenue.
• Remove exemption for private schools.

• Ease rates for high street, leisure and hospitality businesses by raising the multiplier on distribution warehouses.

• Abolish business rates and replace with a Commercial Landowner Levy

• Change the remit of the Low Pay Commission so “it accounts for the cost of living”.
• Remove the minimum wage age bands, replacing them with a single rate for all ages.
• Ban zero hours contracts.

• Maintain the National Living Wage at the level of two-thirds of median earnings

• Set a 20% per cent higher minimum wage for people on zero-hour contracts.
• Set up an independent review to recommend a “genuine living wage” across all sectors, with all public sector employers taking a leading role in paying it.
• Review the tax and national insurance status of employees, dependent contractors and freelancers to ensure fair and comparable treatment.

• End fire and rehire.
• Establish basic rights from first day to parental leave, sick pay and protection from unfair dismissal

• No comment

• Give right to request a fixed-hours contract after 12 months for zero hours and agency workers, not to be unreasonably refused.
• Burden of proof in employment tribunals regarding employment status to be changed from individual to employer.
• Review the off-payroll working IR35 reforms.

• Current budget (day-to-day spending) must move into balance by the fifth year of the fiscal forecast.
• Debt must be falling as a share of the economy by the fifth year of the forecast.

• Public sector net debt to be falling in the fifth year of the fiscal forecast.
• Public sector net borrowing to is below 3% of GDP in the fifth year of the fiscal forecast.

• Ensure that day-to-day spending does not exceed the amount raised in taxes.’
• Get the national debt falling as a share of the economy.