That extra £53,000 would have paid the salary and overheads of an employee – will businesses be discouraged from expanding their workforce?
And finally, the expected yield of £6.2bn from the “fair tax programme”, tackling tax avoidance and evasion, is £0.5bn more than the Liberal Democrats’ estimate of £5.7bn – and is likely to be equally difficult to collect.
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Overall, a large majority of the tax raising measures will come from UK businesses and entrepreneurs.
While many of the proposals will be popular with the electorate, the likely impact on jobs and the wider economy is hard to quantify, but is unlikely to be positive.
Nimesh Shah is a partner at tax and advisory firm Blick Rothenberg
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